Explain the significance of the concepts of correlate
Answers
Answer:
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Step-by-step explanation:
What is correlation? Correlation is a statistical measure that expresses the extent to which two variables are linearly related (meaning they change together at a constant rate). It's a common tool for describing simple relationships without making a statement about cause and effect.
Answer:
What Is Correlation?
Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
KEY TAKEAWAYS
-> Correlation is a statistic that measures the degree to which two variables move in relation to each other.
-> In finance, the correlation can measure the movement of a stock with that of a benchmark index, such as the S&P 500.
->Correlation measures association, but doesn't show if x causes y or vice versa—or if the association is caused by a third factor.