What is the meant by correlation? Give its importance in statistics.

Asked by Last Modified  

Follow 3
Answer

Please enter your answer

Correlation is a technique that can show whether and how strongly pairs of variables are related.
Comments

Economist

Correlation shows the relationship between 2 or more variables. Correlation is a ratio which lie between -1 to 1. Example Relationship between Income and Expenditure.
Comments

Related Questions

Is there any benefit to take IIT coaching in class 12?
Coaching institutes play a role of facilitator , be it for iit jee or any other exam. These institutes provide a system for students and by system I mean the completion of syllabus, regular test and Assessment,...
Raj
0 0
6
Should I join a coaching institute in the 11th class or do self-study?
There two factors in this: 1. Why do you think you should join coaching? Let me reframe- Do you think you need coaching? What do you intend to achieve form it? 2. What are your subjects? If you are studying...
Gene
0 0
8
Which Coaching Institute provides best study Material for Mathematics of class 12?
IIT Junction in Wakad Pune will get you the best material for your preperation
Y
0 0
8
Which coaching institutes are best for a class 12 passout preparing for JEE in Kolkata?
You can join fitjee . I think it's very effective institute . You will be really beneficial for you. Allen is also very good. For chemistry , you can join my coaching classes. I teach chemistry in jadavpur...
Akhileshwar
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

How Can The Fiscal Windfall Be Used To Solve The Problem Of Twin Balance Sheet?
By using the finances in the windfall for strengthening the government's balance sheet rather than for government consumption. The Chief Economic Advisor suggests that:"The best use of windfall would...
A

Amruta M.

0 0
0



Important question for 11th class economics of 1 marks
What is mean by mariginal cost? What do you understand by micro economics? What do you mean by macro economics? What is supply? What is the basic difference in between supply and demand? what...

Methods of calculating National income
Methods of Calculating National Income Value Added Method:- According to this method, National Income is calculated by adding net value by all producing unit...

Recommended Articles

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you