STATISTICAL TECHNIQUES AND TOOLS
REGRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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r=-0.89
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Strong positive
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Weak positive
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Strong negative
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Weak negative
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Explanation:
Detailed explanation-1: -If is between 0.85 and 1, there is a strong correlation. If is between 0.5 and 0.85, there is a moderate correlation. If is between 0.1 and 0.5, there is a weak correlation.
Detailed explanation-2: -The positive correlation value of +0.89 for any stock means that the movement of both the dependent and independent is in the same direction. If the value of variable becomes higher then, other variable also follows the same path.
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