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

Linear programming , #questionQuestion. a paper mill produces two grades o...

#questionQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons

Research and development - information generation process, Research and Dev...

Research and Development: All intellectual activities consciously pursued and systematically completed generate useful information. Research (also Research and Development) is

Methods of survey and study, Methods of Survey and Study:   Some method...

Methods of Survey and Study:   Some methods of collecting information about the organisation and about the information requirement of potential users are mentioned below. No si

Simplex method, how to solve simplex method in LPP?

how to solve simplex method in LPP?

Operations research 2, management wants to know how many supervisors should...

management wants to know how many supervisors should be hired, and what could be the optimum workload distribution to be applied, given a number of constraints

Determine the optimal assignment., #questiSix Operators are to be assigned ...

#questiSix 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 ass

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

use of game theory by state bank of india

Calculation of ranks correlation , Calculation of Ranks Correlation W...

Calculation of Ranks Correlation Where Ranks  are Given: When the  actual  ranks  are given  the steps  followed are: a.Compute  the difference  of the  two ranks  (R1 and

Automation, whatdo you mean by automation

whatdo you mean by automation

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