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I need help to explain the meaning of these results of forecast case analysis: 4- Obtain the correlation matrix for all six variables and list
I need help to explain the meaning of these results of forecast case analysis:
4- Obtain the correlation matrix for all six variables and list the variables that have strong correlation with Demand.High correlation is r > 0.50.Explain your findings in plain language.
PERIOD PRICE AIP DIFF ADV DEMAND
PERIOD 1
PRICE 0.688008 1
AIP -0.06482 -0.23261 1
DIFF -0.55349 -0.87371 0.676348 1
ADV 0.93585 0.541965 -0.01744 -0.41918 1
DEMAND 0.928649 0.558794 -0.08975 -0.4681 0.939748 1
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