TAILIEUCHUNG - Lecture Managerial economics: Chapter 27 - Dr. Hasnain Naqvi

Finding the relationship between two quantitative variables without being able to infer causal relationships Correlation is a statistical technique used to determine the degree to which two variables are related. In this chapter provides knowledge of correlation & regression. | Correlation & Regression Correlation Finding the relationship between two quantitative variables without being able to infer causal relationships Correlation is a statistical technique used to determine the degree to which two variables are related Rectangular coordinate Two quantitative variables One variable is called independent (X) and the second is called dependent (Y) Points are not joined No frequency table Scatter diagram Example Scatter diagram of weight and systolic blood pressure Scatter diagram of weight and systolic blood pressure Scatter plots The pattern of data is indicative of the type of relationship between your two variables: positive relationship negative relationship no relationship Positive relationship Negative relationship Reliability Age of Car No relation Correlation Coefficient Statistic showing the degree of relation between two variables Simple Correlation coefficient (r) It is also called Pearson's correlation or product moment .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Scatter diagram
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production