Economy, asked by kayt9193, 1 month ago

Mention the importance or significance of correlation.

Answers

Answered by simranjeetr53019

Explanation:

(i) Correlation helps us in determining the degree of relationship between variables. It enables us to make our decision for the future course of actions. (ii) Correlation analysis helps us in understanding the nature and degree of relationship which can be used for future planning and forecasting.

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