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

Linear programing, A paper mill produces two grades of paper viz., X and Y....

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

Scope of operations research, Scope of the OR techniques can be derived ...

Scope of the OR techniques can be derived in followings various importance fields: 1. In Agriculture : With the explosion of population and consequent shortage of food O

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

Modi method, find optimal solution for a 3*4 matrix 42 27 24 35 46 37 32 3...

find optimal solution for a 3*4 matrix 42 27 24 35 46 37 32 32 40 40 30 35 using modi method

MODERN MANAGEMENT, DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH...

DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT

Important of probability - probability distributioin , Important of Probabi...

Important of Probability The  various practical applications  of the  theory  of probability are: a.The fundamental  laws of statistic viz   the law  of statistical regular

Assumption of f- test- hypothesis testing, Assumption of F- Test The  ...

Assumption of F- Test The  theoretical assumption on which  F test  is based are: 1.The populations for  each sample must  be normally  distributed  with  identical  mean

Sample linear programming problems to calculate max profit, The following l...

The following linear programming is written to plan the production of two products. And the company wants to maximize profits. x1 = number of product 1 produced in each batch

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