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

Sequencing models, The sequencing problems arises whenever there is probl...

The sequencing problems arises whenever there is problems in determining the sequence ( order) in which a member of tasks can be performed by a number of service facilities su

Determine the weekly demand and lead time, Family Application specialises i...

Family Application specialises in selling major appliances for use in kitchen remodelling.  One of its more popular items is the SubZero refrigerator.  Over the past 40 weeks, the

Describe the objectives of tax planning, Question 1 Describe the obje...

Question 1 Describe the objectives of tax planning. Explain the factors to be considered in tax planning. Question 2 Describe the categories in Capital assets. Mr.

Application of the chi square test - hypothesis testing, Application of the...

Application of the chi Square Test   The  chi square distribution  has a number of applications are given  below: a.Chi Square test of goodness of fit. b.Chi square te

Post-optimal analysis, It can be seen from the optimal solution for the fou...

It can be seen from the optimal solution for the foundry problem that two resources, raw material-1 and labor, are exhausted whereas the other two resources, raw materi

Coding and retrieval , Coding  and Retrieval  If all your  data ar...

Coding  and Retrieval  If all your  data are  word processed on in some  other  computer readable form  it will  be possible  for your  primary  documents  to be accessed d

Operation research techniques, High Costs are Involved in the Use of O. R...

High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w

Software, role of computer software in operation research

role of computer software in operation research

the simplex method, In large sized linear programming problems, the ...

In large sized linear programming problems, the solution cannot be obtained by the graphical method and hence a more systematic method has to be developed to find

SIMPLEX METHOD, Solve the following Linear Programming Problem using simple...

Solve the following Linear Programming Problem using simple method Maximize Z= 3x1 + 2x2 Subject to the constraints: X1 + X2 = 4

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