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Correlation

Correlation

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Published by Abhimanyu Bansal

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Published by: Abhimanyu Bansal on Oct 25, 2012
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10/25/2012

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CORRELATION
 
Correlation
key concepts:
Types of correlationMethods of studying correlationa) Scatter diagram
 b) Karl pearson’s coefficient of correlation
 
c) Spearman’s Rank correlation coefficient
 d) Method of least squares
 
Correlation
Correlation
:
The degree of relationship between thevariables under consideration is measure through thecorrelation analysis.
 
The measure of correlation called the correlation coefficient
The degree of relationship is expressed by coefficient whichrange from correlation
( -
1 ≤ r ≥ +1)
 
The direction of change is indicated by a sign.
The correlation analysis enable us to have an idea about thedegree & direction of the relationship between the twovariables under study.

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