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

Dynamic programming, A company is planning its advertising strategy for the...

A company is planning its advertising strategy for the next year for its three major products.

Uses of standard deviation - measure of dispersion, Uses   of Standard D...

Uses   of Standard Deviation Normal 0 false false false EN-IN X-NONE X-NONE

LPP, A paper mill produces two grades of paper viz., X and Y. Because of ra...

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

Question, i need many good and important question of operation research obo...

i need many good and important question of operation research obout dinamic programing and non-liner programing and integer orograming ....for study! thank you

Evolutionary methods, This methods studies development from simpler forms...

This methods studies development from simpler forms through a long series of a small change. Each change by itself results in minor modification in the phenomenon but the

Lpp., Paper Mill Produces Two Grades Of Paper Viz x And y Because Of Raw Ma...

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 In a We

ASSIGNMENT, #A paper mill produces two grades of paper viz., X and Y. Becau...

#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

Principles of report writing, Principles of Report Writing Reports wri...

Principles of Report Writing Reports writing  may  involve the followings principles . a. Easy to Follow : The body of the  report should  be written in a self evident and

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

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