Hello,
I am interested in calculating the correlation coefficient between two
variables, both continuous quantitative variables between 0 and 1.
However, I noticed that the dependent variable is nearly binary with a
large amount of its values at o and 1 with only a small fraction
in-between. What effect will this have on the correlation
coefficient? Is it valid to use the correlation coefficient?
Any help would be appreciated, thanks!
.
.
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