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Page 1 Correlation Introduction: ? Two variables are said to be correlated if the change in one variable results in a corresponding change in the other variable. ? The correlation is a statistical tool which studies the relationship between two variables. ? Correlation analysis involves various methods and techniques used for studying and measuring the extent of the relationship between the two variables. ? Correlation is concerned with the measurement of “strength of association between variables”. ? The degree of association between two or more variables is termed as correlation. 2 Page 2 Correlation Introduction: ? Two variables are said to be correlated if the change in one variable results in a corresponding change in the other variable. ? The correlation is a statistical tool which studies the relationship between two variables. ? Correlation analysis involves various methods and techniques used for studying and measuring the extent of the relationship between the two variables. ? Correlation is concerned with the measurement of “strength of association between variables”. ? The degree of association between two or more variables is termed as correlation. 2 Contd… ? Correlation analysis helps us to decide the strength of the linear relationship between two variables. ? The word correlation is used to decide the degree of association between variables. ? If two variables ‘x’ and ‘y’ are so related, the variables in the magnitude of one variable tend to be accompanied by variations in the magnitude of the other variable, they are said to be correlated. ? Thus, correlation is a statistical tool, with the help of which, we can determine whether or not two or more variables are correlate and if they are correlated, what is the degree and direction of correlation. 3 Page 3 Correlation Introduction: ? Two variables are said to be correlated if the change in one variable results in a corresponding change in the other variable. ? The correlation is a statistical tool which studies the relationship between two variables. ? Correlation analysis involves various methods and techniques used for studying and measuring the extent of the relationship between the two variables. ? Correlation is concerned with the measurement of “strength of association between variables”. ? The degree of association between two or more variables is termed as correlation. 2 Contd… ? Correlation analysis helps us to decide the strength of the linear relationship between two variables. ? The word correlation is used to decide the degree of association between variables. ? If two variables ‘x’ and ‘y’ are so related, the variables in the magnitude of one variable tend to be accompanied by variations in the magnitude of the other variable, they are said to be correlated. ? Thus, correlation is a statistical tool, with the help of which, we can determine whether or not two or more variables are correlate and if they are correlated, what is the degree and direction of correlation. 3 Definition ?The correlation is the measure of the extent and the direction of the relationship between two variables in a bivariate distribution. Example: (i) Height and weight of children. (ii) An increase in the price of the commodity by a decrease in the quantity demanded. Types of Correlation: The following are the types of correlation (i) Positive and Negative Correlation (ii) Simple, Partial and Multiple Correlation (iii) Linear and Non-linear Correlation 4 Page 4 Correlation Introduction: ? Two variables are said to be correlated if the change in one variable results in a corresponding change in the other variable. ? The correlation is a statistical tool which studies the relationship between two variables. ? Correlation analysis involves various methods and techniques used for studying and measuring the extent of the relationship between the two variables. ? Correlation is concerned with the measurement of “strength of association between variables”. ? The degree of association between two or more variables is termed as correlation. 2 Contd… ? Correlation analysis helps us to decide the strength of the linear relationship between two variables. ? The word correlation is used to decide the degree of association between variables. ? If two variables ‘x’ and ‘y’ are so related, the variables in the magnitude of one variable tend to be accompanied by variations in the magnitude of the other variable, they are said to be correlated. ? Thus, correlation is a statistical tool, with the help of which, we can determine whether or not two or more variables are correlate and if they are correlated, what is the degree and direction of correlation. 3 Definition ?The correlation is the measure of the extent and the direction of the relationship between two variables in a bivariate distribution. Example: (i) Height and weight of children. (ii) An increase in the price of the commodity by a decrease in the quantity demanded. Types of Correlation: The following are the types of correlation (i) Positive and Negative Correlation (ii) Simple, Partial and Multiple Correlation (iii) Linear and Non-linear Correlation 4 Contd… ?Correlation first developed by Sir Francis Galton (1822 – 1911) and then reformulated by Karl Pearson (1857 – 1936) ?Note: The degree of relationship or association is known as the degree of relationship. 5 Page 5 Correlation Introduction: ? Two variables are said to be correlated if the change in one variable results in a corresponding change in the other variable. ? The correlation is a statistical tool which studies the relationship between two variables. ? Correlation analysis involves various methods and techniques used for studying and measuring the extent of the relationship between the two variables. ? Correlation is concerned with the measurement of “strength of association between variables”. ? The degree of association between two or more variables is termed as correlation. 2 Contd… ? Correlation analysis helps us to decide the strength of the linear relationship between two variables. ? The word correlation is used to decide the degree of association between variables. ? If two variables ‘x’ and ‘y’ are so related, the variables in the magnitude of one variable tend to be accompanied by variations in the magnitude of the other variable, they are said to be correlated. ? Thus, correlation is a statistical tool, with the help of which, we can determine whether or not two or more variables are correlate and if they are correlated, what is the degree and direction of correlation. 3 Definition ?The correlation is the measure of the extent and the direction of the relationship between two variables in a bivariate distribution. Example: (i) Height and weight of children. (ii) An increase in the price of the commodity by a decrease in the quantity demanded. Types of Correlation: The following are the types of correlation (i) Positive and Negative Correlation (ii) Simple, Partial and Multiple Correlation (iii) Linear and Non-linear Correlation 4 Contd… ?Correlation first developed by Sir Francis Galton (1822 – 1911) and then reformulated by Karl Pearson (1857 – 1936) ?Note: The degree of relationship or association is known as the degree of relationship. 5 Types of Correlation i. Positive and Negative correlation: If both the variables are varying in the same direction i.e. if one variable is increasing and the other on an average is also increasing or if as one variable is decreasing, the other on an average, is also decreasing, correlation is said to be positive. If on the other hand, the variable is increasing, the other is decreasing or vice versa, correlation is said to be negative. Example 1: a) heights and weights (b) amount of rainfall and yields of crops (c) price and supply of a commodity (d) income and expenditure on luxury goods (e) blood pressure and age Example 2: a) price and demand of commodity (b) sales of woolen garments and the days temperature. 6Read More
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