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Lecture 13. CORRELATION- CONCEPT AND UNDERSTANDING Caption: Correlation is a statistical concept used to measure the strength and direction of the relationship between two variables. The correlation coefficient ranges from -1 to +1, where -1 indicates a perfect negative correlation, +1 indicates a perfect positive correlation, and 0 indicates no correlation. Correlation helps understand the relationship between variables, but does not imply causation. Outliers can affect correlation coefficients, so it's important to address them. Keywords: Correlation coefficient, perfect negative correlation, perfect positive correlation, no correlation, causation, outliers. 1. INTRODUCTION • Business Mathematics and Statistics B Com ... 2. MEASURE OF CENTRAL TENDENCY • BUSINESS STATISTICS:MEASURE OF CENTRAL TEN... 3. MEASURE OF CENTRAL TENDENCY (NUMERICALS) • Statistics Numerical Measure of Central Te... 4. WEIGHTED MEAN • Statistics:: Weighted Mean 5. MEDIAN QUARTILE | PARTITION VALUES • STATISTICS MEDIAN QUARTILE PARTITION VALUES 6. PROBLEM SUMS NUMERICALS • STATISTICS PROBLEM SUMS NUMERICAL 7. OGIVE CURVE • OGIVE CURVE:: Statistics 8. MODE GRAPHICALLY | MEAN MEDIAN MODE RELATIONSHIP • STATISTICS::MODE GRAPHICALLY::MEAN MODE ME... 9. MODE • STATISTICS :: MODE 10. MEASURE OF DISPERSION RANGE QUARTILE DEVIATION • Measure Of Dispersion Range Quartile Devia... 11. MEAN DEVIATION | STANDARD DEVIATION • Statistics Mean Deviation Standard Deviation 12. STANDARD DEVIATION CO-VARIANCE COMBINED STANDARD DEVIATION • Standard Deviation CoVariance Combined Sta... 13. CORRELATION- CONCEPT AND UNDERSTANDING PART 1 • Correlation:: Concept and understanding 14. CORRELATION- NUMERICALS AND FORMULAS • Correlation Numericals and formulas 15. RANK CORRELATION • Rank Correlation 16. INDEX NUMBERS PART 1 • Index Numbers Part 1 17. INDEX NUMBERS PART 2 • Index Numbers Part 2 18. TIME SERIES PART 1 • Time Series Analysis 19. TIME SERIES PART 2 • Least Square Method 20. GEOMETRIC MEAN • Geometric Mean 21. HARMONIC MEAN • Harmonic Mean Correlation Explained conceptually #Nitin Goel Full Statistics Playlist • Business Statistics XI and B.com Nitin Goel