Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Usefulness of Correlation
1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it helps to estimate costs sales price and other related variables.
2.Some variables show some kind of relationship, correlation analysis helps in measuring the degree of relationship between the variables like supply and demand price an supply income and expenditure etc.
3.The relation between variables can be verified and tested fro significance with the help of the correlation analysis. The effect of correlation is to reduce the range of uncertainty of our prediction.
4. The coefficient of correlation is a relative measure and we can compare the relationship between variables which are expressed in different units.
5.Sampling error can also be calculated.
6. Correlation is the basis for the concept of regression and ratio of variation.
Ask question #Minimum 100 words acceptNas food produces to kinds of popular dark chocolate bars. the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where a
Question 1 Discuss the impact of Henry Fayol's principles of management on the modern techniques of management with the help of suitable examples Question 2 Explain the Gary
explain characteristic of operation of research.
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
Government Documents: Government publications are the official documents brought out at government expense. They are the records of activities of the (1) Executive, (2) Legis
Method of calculation of Mode Calculation of Mode Individual series: For determining mode count the number of times the various values repeat themselves and the va
what are the characteristics of operation research
Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as
CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd