Meaning of Correlation
Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations …
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Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations …
Correlation can be defined as a statistical tool that defines the relationship between two variables. For, eg: correlation may be used to define the relationship …
Simple, Partial and Multiple Correlation: Whether the correlation is simple, partial or multiple depends on the number of variables studied. The correlation is said to be simple …
The Correlation is a statistical tool used to measure the relationship between two or more variables, i.e. the degree to which the variables are associated with each …
The Scatter Diagram Method is the simplest method to study the correlation between two variables wherein the values for each pair of a variable is plotted on …
The following are the main properties of correlation. Coefficient of Correlation lies between -1 and +1: The coefficient of correlation cannot take value less than …
Rank correlation Sometimes there doesn’t exist a marked linear relationship between two random variables but a monotonic relation (if one increases, the other also increases …
Lines of Regression The Regression Line is the line that best fits the data, such that the overall distance from the line to the points (variable values) …
The Standard Error of Estimate is the measure of variation of an observation made around the computed regression line. Simply, it is used to check the accuracy …
Measures of Central Tendency or Averages have been defined differently by different statisticians. “A measure of Central tendency is a typical value around which other …