Correlation
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.
