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Coefficient of Correlation Definition and Explanation PDF | Download eBooks

Learn Coefficient of Correlation definition in supply chain management with explanation to study “What is Coefficient of correlation”. Study coefficient of correlation explanation with SCM terms to review supply chain management course for online MBA programs.

Coefficient of Correlation Definition:

Coefficient of Correlation Explanation:

When the value of one variable changes, the direction of other variable tends to change and this relationship is identified by the correlation. Also the value of variable helps in identifying the value of other. Correlation coefficient measures the strength as well as the direction of the variable and it is a quantitative assessment used in statistics.

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