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Class 12 Tuition > Learn Economics > What is the meant by correlation? Give its importance...
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What is the meant by correlation? Give its importance in statistics.

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Correlation is a technique that can show whether and how strongly pairs of variables are related.
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Correlation shows the relationship between 2 or more variables. Correlation is a ratio which lie between -1 to 1. Example Relationship between Income and Expenditure.
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