Essay Database

Correlation analysis is the statistical tool that measures the relationship between two items. It describes the degree to which one variable is linearly related to another. To begin correlation analysis, firstly we have to select a field that we will make a research in. The collection of data whose properties are analyzed is called 'population'. The population is the complete collection to be studied; it contains all subjects of interest. When we compare the correlation …

…between the attributes. In my opinion, correlation analysis, being a part of statistical techniques, significantly improves the accuracy of business analysis. It can help analytics to obtain more accurate and confident results and find answers to complex questions. In the whole, it can make a large contribution into business and marketing strategies. <Tab/><Tab/> Bibliography 1. Sprinthall, R. C. Basic statistical analysis (5th ed.) (1997). Allyn and Bacon, Boston.