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

Techniques of observation method, Techniques of Observation Method Obs...

Techniques of Observation Method Observation always involves some interaction between respondent and researcher in which researcher has an opportunity to watch respondent fu

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

Decision tree approach, Question: Spencerville Products is expanding ...

Question: Spencerville Products is expanding its operations west of the Mississippi.  Its first step is to build a manufacturing facility in Denver to satisfy demand on the W

Binomial distriubiton - probability distribution , BINOMIAL DISTRIUBITON ...

BINOMIAL DISTRIUBITON This  distribution  (also known  as Bernoulli  distribution ) is useful  in such  an experiment where  there  are only two  outcomes success or failure g

Phases of an or project, give me an example of pre-modelling, modelling and...

give me an example of pre-modelling, modelling and post modelling phases

Report writing - report writing presentation, REPORT WRITING The final...

REPORT WRITING The final step in research is to report the study  findings to those  who authorized the investigation. The American marketing association is  of the opinion  t

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

35mm slider -report writing presentation , 35mm Slider  35 mm Slider l...

35mm Slider  35 mm Slider like OHP transparencies casts  an images but they  have different  uses and  properties. They are used  to show an actual photographic  images in the

Assignment SMU, A paper mill produces two grades of paper viz., X & Y. Bec...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Assignment problems, 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

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