What is the difference b/w perfect positive correlation and linear positive correlation?
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Perfect Positive Correlation: If all the points of scatter diagram fall on a straight line with positive slope then the correlation is said to be perfect positive ( r = +1 ).
Linear Positive Correlation: If the price, supply or demand increases or decreases but at a constant rate and falls on a straight line, it is known as linear positive correlation.
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Linear Positive Correlation: If the price, supply or demand increases or decreases but at a constant rate and falls on a straight line, it is known as linear positive correlation.
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