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Definition of Correlation
According to prof, king correlation means that between two series or group of data there exists some casual connection prof, king has also explained, If it is proved true that in a large number of instances two variables tend always to fluctuate in the same or in opposite direction, we consider that the fact is established that a relationship exists. This relationship is called correlation.
According to Boddington, Whenever some definite connections exist between the two or more group. Classes or series of data, there is said to be correlation.
E . Davenport has expressed his views as, the whole subject of correlation refers to the inter relation between separate character by which they tend in some degree, at least, to move together. Thus two or more variables are said to be correlated if the change in one variable result or associated with a corresponding changes in other variable.
Correspondence analysis is an exploratory technique used to analyze simple two-way and multi-way tables containing measures of correspondence between the rows and colulnns of an
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two application of statistics
Advantages By definition, mode is the most typical or representative value of a distribution. Hence, when we talk of modal wage, modal size of shoe or modal size of family i
There exists an unclassified data set with hidden data structures in it. The task in this assignment is to perform comprehensive Cluster Analysis in order to reveal the structures
Disadvantages The value of mode cannot always be determined. In some cases we may have a bimodal series. It is not capable of algebraic manipulations. For example, from t
Pattie-Lynn's utility function for total assets is, in which A represents total assets in thousands of dollars. (a) Graph Pattie-Lynn's utility function. How would y
Descriptive Statistics : Carrying out an extensive analysis the data was not a subject to ambiguity and there were no missing values. Below are descriptive statistics that hav
Arithmetic Mean The process of computing Arithmetic Mean in the case of individual observations is to take the sum of the values of the variable and then divide by the number
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