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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define Correlation. - Economics

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Question

Define Correlation.

Definition
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Solution

Correlation is a statistical device that helps to analyze the covariation of two or more variables. Sir Francis Galton, is responsible for the calculation of the correlation coefficient.

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Chapter 12: Introduction to Statistical Methods and Econometrics - Model Questions [Page 280]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 12 Introduction to Statistical Methods and Econometrics
Model Questions | Q 25. | Page 280

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