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Introduction to Statistical Methods and Econometrics — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsIntroduction to Statistical Methods and Econometrics3 Marks
Question
Write the four methods of studying correlation?
✓

Answer

Methods of Studying Correlation:
The various methods of ascertaining whether two variables are correlated or not are:
  1. Scatter diagram Method
  2. Graphic Method
  3. Karl Pearson’s Co-efficient of correlation and
  4. Method of Least Squares.

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