Correlation

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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

Related lectures