Relationship between demand and price, as effect of rainfall manure water on per hectare productivity of wheat. On the basis of above examples explain the difference between simple correlation and multiple correlation.

Asked by Last Modified  

1 Answer

Learn Economics +1

Follow 2
Answer

Please enter your answer

Maths Wizard

Simple Correlation When the relationship between only two variables is studied, it is called simple correlation.For example., relationship between price and demand or relationship between money supply and price level.Multiple Correlation When the relationship among three or more than three variables...
read more
Simple Correlation When the relationship between only two variables is studied, it is called simple correlation.For example., relationship between price and demand or relationship between money supply and price level.Multiple Correlation When the relationship among three or more than three variables is studiedsimultaneously, it is called multiple correlation.For example, effects of rainfall, manure, water, etc on per hectare productivity of wheat are simultaneously studied read less
Comments

Related Questions

What is the best coaching in Kota for class 11?
Allen carrier Institute is best Institute in Kota for class 11.
Sounak
0 0
7
Is it really important to take coaching in class 11 as a PCM student?
Yes, If you want to get selection in IIT. Because for IIT JEE examination you must have basic knowledge of PCM subjects which are possible only deep study of subjects (PCM). within time only best coaching...
Sonam
0 0
5
Should I join JEE coaching in class 11?
If u have interested then join autherwise do not join.
Yash
0 0
5
Can I start IIT coaching in class 12?
You should've started from class 11 itself, but it is better late than never. So please join for coaching asap
Divya
0 0
8

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

Ask a Question

Related Lessons

BANK EXAMS TUTORIAL REGARDING BLOOD RELATION
BLOOD RELATION The video explains the topic Blood Relation which comes under the reasoning section of Bank Exams. It includes the logic to reach the answer in a smart way.



3 Central Problems of an Economy
Three central problems that an economy faces:(With examples)1. What to produce and How much to Produce? - For example: Every country decides whether to produce rice or wheat and how much wheat should be...

Recommended Articles

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 >

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 >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

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