Week 7- correlation and regression 0.0 / 5 ? Business ManagementFundamentals of business management UniversityAll boards Created by: jf00632Created on: 19-01-19 23:06 If the correlation is 0.95 what does this tell you about the relationship between 2 variables? This tells us that there is a strong positive correlation. As the independent variable increases in value then the dependant also increases 1 of 5 If r is 0.2 does this give you confidence to forecast Y from X? This suggests a very weak positive relationship so gives us very little confidence to forecast. 2 of 5 What does a strong positive correlation mean/ suggest? Improvement in results and increase in numbers 3 of 5 What does a strong negative correlation mean / suggest? That the results have improved but the numbers have decreased (but this is a good thing) 4 of 5 What does a strong positive correlation mean/ suggest? Improvement in results and increase in numbers 5 of 5
Comments
No comments have yet been made