Business Studies, asked by ujval9381, 9 months ago

Advantages of multiple correlation

Answers

Answered by kittu4892
0

Answer:

The predictive advantages of multiple correlation were limited number of variables that could be used in a prediction equation cause predictor variables are usually correlated among themselv each addition duplicated a certain amount of the predictive effic already present.

Answered by viratgraveiens
0

In Statistics and Social Studies,multiple correlation can be employed to analyze the numerical or statistical relationship or association between multiple or many variables involving linear mathematical function.

Explanation:

Advantages of multiple correlation:-

  • Unlike normal correlation studies,multiple correlation allows the examination of statistical relationship between the dependent variable and multiple other dependent variables in any statistical study.
  • The outcomes or results of multiple correlation provides a more comprehensive,practical and detailed portrayal about the relationship between the concerned variables.Therefore,it is considered as a more practical method of estimation since,it provides a much wider intrinsic and practical implications of any study or research by involving multiple variables or components.
  • Multiple correlation method can identify any outlier or statistical anomaly in any particular study or analysis.It can detect any important abnormal or unusual phenomenon in any statistical analysis that might later influence the main outcome or result of the study or analysis.
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