Definition: The Correlation Analysis is the statistical tool used to study the closeness of the relationship between two or more variables. The variables are said to be correlated when the movement of one variable is accompanied by the movement of another variable. The correlation analysis is used when the researcher wants to determine the possible association between the … [Read more...] about Correlation Analysis
Business Statistics
Sampling Plan
Definition: A sampling plan provides an outline based on which the researcher performs research. Also, it provides a sketch required for ensuring that the data gathered is a representation of the defined target population. It is widely used in research studies. A researcher designs a sampling plan to prove that the data collected is valid and reliable for the concerned … [Read more...] about Sampling Plan