In this exercise you will learn to visualize the pairwise relationships between a set of quantitative variables. To this end, you will make your own note of 8.1 Correlation plots from Data Visualization with R.
Factors that have a strong posative correlation to home price would be the amount of fireplaces and bedrooms that are in a home. This is shown by the darker red shaded box’s in the correlation plot.
No, the strong correlation does not have any causes to home prices to go up or down.
The confounding varialbe would be age in this case.
There are no strong negative correlation seen with the factors that decide home price.
Two factors that have little correlation with home price would be the lot size and pctcollege because their values are negative and almost zero. Thier values being 0 tells you it does not have alot to do with the home price.
Theres no certain relation shown but it is defianly not a linear function. To check this you could create a scatter plot with the data to depict is theres a non-linear relation bassed on the correlation coefficient.
Hint: The CPS85 data set is from the mosaicData package. Explain wage instead of home price.
Hint: Use message, echo and results in the chunk options. Refer to the RMarkdown Reference Guide.