Difference between revisions of "Correlation"
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[[Correlation]] is the tendency of two variables to move together. | [[Correlation]] is the tendency of two variables to move together. | ||
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==Definitions== | ==Definitions== | ||
According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
:[[Correlation]]. The tendency of two variables to move together. | :[[Correlation]]. The tendency of two variables to move together. | ||
| + | According to [[Juran's Quality Handbook by Defeo (7th edition)]], | ||
| + | :[[Correlation]]. Statistically, any departure of two or more random variables from independence. For example, data on frequency of symptoms are plotted against data on the suspected cause to show a relationship. | ||
==Related concepts== | ==Related concepts== | ||
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*[[Introduction to Financial Management]]. | *[[Introduction to Financial Management]]. | ||
| − | [[Category: Financial Management]][[Category: Articles]] | + | [[Category: Financial Management]][[Category: Articles]][[Category: Quality Management]] |
Latest revision as of 16:16, 3 July 2020
Correlation is the tendency of two variables to move together.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Correlation. The tendency of two variables to move together.
According to Juran's Quality Handbook by Defeo (7th edition),
- Correlation. Statistically, any departure of two or more random variables from independence. For example, data on frequency of symptoms are plotted against data on the suspected cause to show a relationship.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
