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

requirements and characteristics of a good table , Requirements and Charac...

Requirements and Characteristics of a good table In the words  of Mr. Harry Jerome a good statistical table  is a triumph of ingenuity and  technique masterpiece of economy  o

Small sample - hypothesis testing , Small Sample The central limit ...

Small Sample The central limit  theorem does not work well  with small  samples  even if  the  population  in non Gaussian. So  we cannot  rely on the central limit theorem

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

Modi, there are 5 plants located in different cities and manufacturer a com...

there are 5 plants located in different cities and manufacturer a common produt A

Optimal assigment, #quesSix Operators are to be assigned to five jobs with ...

#quesSix 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 assig

Game theory-, use of game theory by state bank of india

use of game theory by state bank of india

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