Summary
Summary Corelation Analysis
- Module
- Statistics
- Institution
- London School Of Business And Finance
summary of Correlation Analysis
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Online Class Etiquettes and Precautions for theStudents
• Access of outsiders are not allowed.
• Contents of the class are not shareable to outsiders.
• Audio/video recording of the online sessions are not shareable
on social media platforms such as Facebook, Twitter etc.
• If any student is found to breach the mentioned code of conduct,
upon proper investigation, he/she will be subject to penalty as
per the University Guidelines.
, Correlation Analysis
• Combination of two words (Co- together and relation –
connection)
• Large number of problems relating/ involving the use
of two or more than two variable.
i.e movements in one are accompanied by the
movements in the other.
• Ex- Income and expenditure
• - Sales and advertisement
-Sales of mask and Covid-19
- e learning app and Covid -19
- Price of a commodity and demand amount
, Correlation Analysis
• The statistical tool with the help of which we measure the
strength of the association/ connection between two or more
variables is termed as correlation.
• A.M. Tuttle, - An analysis of the co variation of two or more
variables is usually called correlation.
• W.I King- means that between two series or groups of data
there exists some causal connection.
, Significance of the study of Correlation
• Provides the degree of relationship between the variables
• Helpful for the purpose of prediction and forecasting
• Verifying the reliability and accuracy of the data
• Important for business and economic point of view
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