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

Steps of research proposal, Steps of Research Proposal Proposal Con...

Steps of Research Proposal Proposal Content  The researcher is always given instructions for preparing a proposal that indicate the format to be followed. Funding agencie

Important to theoretical distribution , Important to Theoretical Distributi...

Important to Theoretical Distribution The science  of theoretical distribution  under which  the frequencies of a variable are derived by  some  mathematical  model  without

Mba, in a rectangular game ,pay of matrix of player A is as follows

in a rectangular game ,pay of matrix of player A is as follows

Shubham, what is the job scope in or?

what is the job scope in or?

Steps of research process, Steps of Research Process The steps of resear...

Steps of Research Process The steps of research process have already been discussed in theory. Here we shall outline the procedure of conducting the research. i) Formulate t

Attitude measurement and methodology , Case Study  - Attitude Measurement ...

Case Study  - Attitude Measurement National Kitchens For  several years  the management  of national kitchens a diversified packaged foods manufacturer  had been  watch

Linear programming problem, A paper mill produces two grades of paper viz.,...

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 Y paper i

Steps involved in linear programming problem formulation, Question A - Line...

Question A - Linear Programming is most widely used technique for large number of applications in business industry as well as in various other fields. Describe in brief the steps

Meaning of a research report, Problem The important task ahead of the r...

Problem The important task ahead of the researcher is to document the entire work done in the form of a well-structured research report. Describe in brief the components of a R

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