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covariance

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.
covariance [kō′ver·ē·əns]
(statistics)
A measurement of the tendency of two random variables,XandY, to vary together, given by the expected value of the variable (X-X[OB])(Y-Y[OB]), whereX[OB] andY[OB] are the expected values of the variablesXandYrespectively.


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Variance and covariance are calculated by considering the percentage change in prices.
A section on advanced statistical topics such as cluster analysis, multivariate ANOVA and the analysis of covariance is also provided.
“An analysis of covariance demonstrated a statistically significant difference from placebo on the Sum of Pain Intensity Differences (SPID) over 50 hours using LOCF (last observation carried-forward) as the imputation method, however, the results were not statistically significant using LOCF/BOCF (baseline observation carried-forward), the primary endpoint.
 
 
 
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