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| 1. |
What is correlation. What are the important of correlation |
| Answer» \xa0Correlation is a statistical tool which studies the relationship between two variables e.g. change in price leads to change in quantity demanded.Correlation studies and measures the direction and intensity of relationship among variables. It measures co-variation not causation. It does not imply cause and effect relation.<br>Correlatin: one data group series is related to the others | |