my line of business is manufacturing
They can be positive correlation, negative correlation or no correlation depending on 'line of best fit'
Yes, but not a linear correlation.
You can find examples by typing it in to Google. Weak positive correlation is a set of points on a graph that are loosely set around the line of best fit. The line will be positive rising up from left to right. A weak correlation can vary a lot as long as you can decipher which direction the data tends towards you have a correlation. If the points are close to the line of best fit you have a strong correlation and with a set of points perfectly lined up is perfect correlation. All three types can positive negative or perfect.
manufacturing, production; construction.: business, trade, field, line (of business);informal racket.
Spar, Wavy Line
a correlation on a graph is when the line of best fit is positive, negative or none.
Business line of credit rates can vary considerably based on the region and industry that the business is in. However, Bank of America and Citibank often have the lowest business line of credit rates of the major national banks.
A correlation coefficient is a value between -1 and 1 that shows how close of a good fit the regression line is. For example a regular line has a correlation coefficient of 1. A regression is a best fit and therefore has a correlation coefficient close to one. the closer to one the more accurate the line is to a non regression line.
The straight line with no slope is a point
There is no line that shows the correlation between two data sets. The correlation is a variable that ranges between -1 and +1.You may be thinking about regression which, although related, is not the same thing.There is no line that shows the correlation between two data sets. The correlation is a variable that ranges between -1 and +1.You may be thinking about regression which, although related, is not the same thing.There is no line that shows the correlation between two data sets. The correlation is a variable that ranges between -1 and +1.You may be thinking about regression which, although related, is not the same thing.There is no line that shows the correlation between two data sets. The correlation is a variable that ranges between -1 and +1.You may be thinking about regression which, although related, is not the same thing.
what is the difference between a business and an industry. I couldn't explain it clearly, but I could tell the general information about what is 'business' and 'industry''. Hope this would help. - A business (also called a company, enterprise or firm) is a legally recognized organization designed to provide goods and/or services to consumers... - Industry refers to to many companies in the same line of business company is a business generally with a profit motive and with shareholders often not involved in the business either as employees or as clients.
An undefined correlation is one in which the data would not plot with points making a vertical line.