मराठी

Of the following three measures which can measure any type of relationship. - Economics

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प्रश्न

Of the following three measures which can measure any type of relationship. 

पर्याय

  • Karl Pearson’s coefficient of correlation

  • Spearman’s rank correlation

  • Scatter diagram

MCQ
रिकाम्या जागा भरा

उत्तर

Scatter diagram 

Explanation: 

A Scatter diagram can measure any type of relationship whether the variables are highly related or not at all related. Just by looking at the diagram, the viewer can easily conclude the relationship between the two variables involved. On the other hand, Karl Pearson's coefficient of correlation is not suitable for the series where deviations are calculated from the assumed mean. Likewise, Spearman's rank correlation also disqualifies measuring any kind of relationship as its domain is restricted only to the qualitative variables (leaving quantitative variables).

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Types of Correlation
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Correlation - Exercise [पृष्ठ १०५]

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एनसीईआरटी Statistics for Economics [English]
पाठ 7 Correlation
Exercise | Q 5. | पृष्ठ १०५
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