A collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which they should and should not relate

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Business

Kemp

2 March, 10:23

A collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which they should and should not relate

+1

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Xander Oneill · Answer 1

-1 to + 1

Explanation:

The correlation coefficient range is from - 1 to + 1.

-1 shows that there is perfect negative correlation.

+1 shows that there is perfect positive correlation.

0 shows there is no correlation.

Positive correlation shows that with the increase of let's say X, there would also be increase of Y. They would positively move together

Negative correlation shows that two variable move in opposite direction.