Degree of correlation ship - correlation regression analysi, Operation Research

Assignment Help:

Degree of  Correlation ship

1.Perfect Correlation: When  changes  in  two related variables are  exactly  proportional  there is  perfect correlation between  them. In case  the equal  proportional  changes are in the same direction there is perfect positive correlation between  the two  variables. On  the other  hand  if equal  proportional  changes  are in the reverse  direction there is perfect  negative  correlation.

2.Absence  of Correlation : In case  no interdependence exists between  the two variables  or no relationship  is found  between the changes in them  there is  absence of correlation.

3.Limited Degree of Correlation: If there are unequal  changes  in the  two variable  in the same  direction correlation is said  to be limited  positive and if there  are unequal  changes in the opposite  direction the correlation  is limited  negative. The  limited  degree of correlation can be  high moderate  low.

 

 


Related Discussions:- Degree of correlation ship - correlation regression analysi

Operation research, Operations research is used by manager in making busine...

Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?

Complexity - necessity of operations research, In a big industry the numbe...

In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complica

Production and operations management., layout of any retailer shop and the ...

layout of any retailer shop and the reasons for the layout

Type of measures of dispersion - measure of dispersion, Type  of  Measur...

Type  of  Measures  of Dispersion   a. Absolute Measure: The measure of dispersion which  is expressed in  terms of the units of the  observations( e, g, Rupees , metre ,

Operations research, state phases of operations research and and their impo...

state phases of operations research and and their importance in solving problems

Graphic methods - correlation regression analysis, Graphic Methods a. ...

Graphic Methods a. Scatter Diagram: Scatter  diagram  is a special  type of dot chart.  Under  this methods  the given data are  plotted in  a graph  paper  in the form of  d

Steps involved in hypothesis testing of the mean , Statement of Hypothesis...

Statement of Hypothesis The  two hypothesis  i  ,e,  null hypothesis  (H 0 ) and Alternative Hypothesis (H 1 ) are so  constructed  that if  one is  correct the other  is wron

Optimal assignment, 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

project management , Project Management Your  data need to be orga...

Project Management Your  data need to be organized in such  a way that  access to them  is both  quick  and accurate. In  achieving  this a good qualitative analysis progra

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