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

Concept of reporting entity, Briefly discuss the concept of Reporting Entit...

Briefly discuss the concept of Reporting Entity in SAC 1 How asset is defined and recognised under the AASB Framework? Silver Developers Ltd is a property development company

Lcd projectors - reoprt writing presentation , LCD Projectors  LCD...

LCD Projectors  LCD projectors  are several  steps  ahead of conventional OHPs. These  projectors  are more  compact  and more  powerful  and can  be directly  linked to a

Cross cultural communication in the workplace, This assignment requires you...

This assignment requires you to carry out the first part of a research project on the topic of "Cross cultural communication in the workplace". You can take any approach to this to

Overhead projector -report writing presentation , Overhead Projector  ...

Overhead Projector  Overhead  projector  casts an images of the transparencies  on a  screen. Transparencies  are frequently  used  visual  aids  especially  when  audience

Linear programming, A paper mill produces two grades of paper viz., X and Y...

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 i

Carry out resource levelling for equipment resource, Teesside Construction ...

Teesside Construction is developing a schedule for a major building project to start in 04/01/2011 in Middlesbrough, UK. The project manager has identified major activities of the

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

Optimum assignment, Six Operators are to be assigned to five jobs with the ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Linear Programming, b. A paper mill produces two grades of paper viz., X an...

b. 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 pape

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