Question
For the data in the table below: i. What do the correlation coefficients of 1, shaded in yellow, indicate? ii. The highest correlation coefficient is
For the data in the table below:
i. What do the correlation coefficients of 1, shaded in yellow, indicate?
ii. The highest correlation coefficient is 0.84, shaded in green. What can you infer from that score about the relationship between the two variables?
iii.The two lowest correlation coefficients are 0.06 and -0.06. What can you infer from that score about the relationship between the two variables?
r correlation coefficient Assets Expense Ratio Return 2006 3-Year Return 5-Year Return Assets 1 1.00 Expense Ratio Return 2006 -0.29 1.00 0.70 0.59 0.08 -0.13 3-Year Return 5-Year Return 0.07 0.06 1.00 0.84 -0.11 -0.06 1.00
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Business Forecasting With Forecast X
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