Correlation - correlation & regression analysis, Operation Research

Assignment Help:

CORRELATION

Correlation is  the study of the  liner relationship  between  two variable when there is a  relationship of quantitative measures between two set  of variable  the appropriate statistical tool for measuring the relationship and expressing each in a precise way is known  as correlation. For  example  there is a relationship  between  the  heights and  weights of persons demand  and prices of  commodities etc.

According  to W.I. King Correlation  means  that between  two series or groups  of data  there exists  some  relationship  connections.

According to croxton and Cowden" The appropriate statistical   tool for  discovering and  measuring  the relationship of quantitative nature and expressing it in   brief  formula is known as correlation.

The coefficient  of correlation measures the degree  of relationship  between  two set  of figures. As  the reliability  of estimates depend upon the  closeness  of the relationship it is imperative that  utmost care be taken  while  interpreting the value of coefficient of correlation  otherwise fallacious conclusion can  be draw.

 

 


Related Discussions:- Correlation - correlation & regression analysis

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

Liner proggraming , A paper mill products two grade of paper viz., X & Y. B...

A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we

Explain the graicunas theory, Question 1 Discuss the impact of Henry Fayol...

Question 1 Discuss the impact of Henry Fayol's principles of management on the modern techniques of management with the help of suitable examples Question 2 Explain the Gary

Modi method, find optimal solution for a 3*4 matrix 42 27 24 35 46 37 32 3...

find optimal solution for a 3*4 matrix 42 27 24 35 46 37 32 32 40 40 30 35 using modi method

LPP, . A paper mill produces two grades of paper viz., X and Y. Because of ...

. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

Maths, Solve the following Linear Programming Problem using Simple method. ...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2, Subject to the constraints: X1+ X2 = 4 X1+ X2 = 2 X1, X2 = 0

General rules, General Rules a. Attractive Shapes The tables  should ...

General Rules a. Attractive Shapes The tables  should be  neat  and  attractive. The size of  table  should be neither too big nor  small. b. Simplicity A table  should b

Linear programming , #quesQuestion. a paper mill produces two grades of pa...

#quesQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons of g

Experimental design and methodology , Case Study - Experimental Design ...

Case Study - Experimental Design Dental Clinic A leading dental clinic  with  three well qualified  dentists is seriously  considering  keeping  in touch  with  its  pat

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd