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

Method of calculation of mean deviation, Method of Calculation of Mean  De...

Method of Calculation of Mean  Deviation a. Computation of Mean Deviation Individual Series : The process of computing mean  deviation in case  of individual series involves

Chi square test as a test of homogeneit, Chi Square Test as a Test of Homog...

Chi Square Test as a Test of Homogeneit The X 2 test of homogeneity is an  extension of the chi square  test of independence of attributes. It is  designed to determine  whet

Liner, #question.A paper mill produces two grades of paper viz., X and Y. B...

#question.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

#title. solution, Solve the following Linear Programming Problem using Simp...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2

Metholodolgy, metholodolgy of operational research

metholodolgy of operational research

Lpp linear programming problems exercise, Exercise Define the t...

Exercise Define the terms used in LPP. Mention the advantages of LPP. What are the assumptions and limitations of LPP? A firm produces three pro

Mip, procedure of mip

procedure of mip

Linear progaming, #questA paper mill produces two grades of paper viz., X a...

#questA 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 p

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

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