noun
- plural of covariance: statistical measures of how much two random variables change together
Usage: statistics; mathematics
Examples
- The researcher calculated the covariances between different economic indicators.
- High covariances suggest that the variables tend to move in the same direction.
- The covariance matrix displays all pairwise covariances between the variables.
- Negative covariances indicate that one variable increases as the other decreases.
- Portfolio managers analyze covariances to understand how asset prices relate to each other.
- The study examined covariances in test scores across different subjects.