Economy, asked by mohanashyam9840, 18 days ago

Calculate Karl Pearson coefficient of correlation using Direct method

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Answered by shriyakodesia2005
0

Answer:

Steps involved in the procedure of calculation of Karl Pearson’s coefficient of correlation by direct method.

1. Calculate mean value x and y.

2. Calculate deviations of values of x series from mean value.

3. Square the deviations.

4. Calculate deviation of values of y series from mean value.

5. Square the deviation.

6. Multiply the square of deviation of X series with the square of deviations of Y series.

7. Use the following formula for calculating correlation coefficient

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