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11th Class Chapter No 21 - Correlation in economics for ISC

Correlation

Correlation measures the relationship between two variables so that changes in the value of one variable are accompanied with the changes in the value of other variable. When there are two variables A and B and they change in such a way that with the change of one variable

 

Karl Pearson Method

Correlation helps in identifying the nature, direction and degree of relationship between two variables.

The various techniques for measuring correlation are:

    Scatter Diagram

    Karl Pearson’s Coefficient of Correlation 

Posted in 11th on July 25 2020 at 12:19 PM

ISC 11th CLASS economics OTHER CHAPTERS

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