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The term which shows relationship existing between parts of measures is
Answer & Solution
Correct Answer:
Option
B
The term which shows the relationship existing between parts of measures is Correlation.
Correlation or dependence is any statistical relationship, whether causal or not, between two random variables or bivariate data.
Correlations are useful because they can indicate a predictive relationship that can be exploited in practice. For example, an electrical utility may produce less power on a mild day based on the correlation between electricity demand and weather.
Correlation or dependence is any statistical relationship, whether causal or not, between two random variables or bivariate data.
Correlations are useful because they can indicate a predictive relationship that can be exploited in practice. For example, an electrical utility may produce less power on a mild day based on the correlation between electricity demand and weather.
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