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Tag: Importance of correlation

IMPORTANCE OF CORRELATION

Posted on August 7, 2022 By commerceiets No Comments on IMPORTANCE OF CORRELATION
IMPORTANCE OF CORRELATION

Importance of correlation is as follows: CORRELATION Correlation is a statistical technique which shows the degree and direction of relationship between the two variables. It ranges between -1 to +1.  According to AM Tuttle “Correlation is the analysis of co-variation between two or more variables.” According to Croxton and Cowden “When the relationship is of…

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