Economy, asked by hk16187076, 2 months ago

What is meant by Coefficient of Correlation? Discuss various types of Coefficient of Correlation on the basis of

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Answered by IISLEEPINGBEAUTYII
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Answer:

The correlation coefficient describes how one variable moves in relation to another. A positive correlation indicates that the two move in the same direction, with a +1.0 correlation when they move in tandem. A negative correlation coefficient tells you that they instead move in opposite directions.

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