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

Scientific methods, Royce A. Singleton and Bruce C. Straits have said tha...

Royce A. Singleton and Bruce C. Straits have said that scientific social research consists of the process of formulating and seeking answers to question about the social wor

Graphic methods - correlation regression analysis, Graphic Methods a. ...

Graphic Methods a. Scatter Diagram: Scatter  diagram  is a special  type of dot chart.  Under  this methods  the given data are  plotted in  a graph  paper  in the form of  d

Operations strategy in an organization, 1. Investigate: The Operations Str...

1. Investigate: The Operations Strategy of your organisation or one you are familiar with and answer the following points. Does your chosen organisation have an operations

Presentation - report writing presentation , Presentation After  the c...

Presentation After  the completion of any  research  project the concept  techniques  and results  of the  research  projects  should  be presented to the  audience of interes

One sample runs test - hypothesis testing, ONE SAMPLE  RUNS  TEST A ...

ONE SAMPLE  RUNS  TEST A number of  methods have been  developed fro  judging the randomness of samples on the basis of  the order in which  teh observations  are taken. It is

Set of pareto optimal policies, Problem: A policy maker is considering seve...

Problem: A policy maker is considering several policy options that lead to different utility levels of different individuals a) Which Policy is would be optimal according t

Characteristics of good average, Characteristics  of Good Average a. ...

Characteristics  of Good Average a. It should  be Rigidly  Defined  An average should  be rigidly defined so that  there is  no confusion  in regard  to its  meaning  and con

Scope, With practical example

With practical example

Disadvantages of mode - measure of central tendency , Disadvantages of Mode...

Disadvantages of Mode a.It is  ill defined. b.It is  indefinite  and it is  some cases impossible  to find a definite  value. c.It is not based on all observation. So  i

Operations research, six operators are to be assigned to the 5 jobs with th...

six operators are to be assigned to the 5 jobs with the cost of assignments

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