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DA0-001 · Question #493

DA0-001 Question #493: Real Exam Question with Answer & Explanation

The correct answer is C: Correlation. Correlation measures both the strength and direction of a linear relationship between two variables, such as price and volume.

Data Analysis

Question

Which of the following statistical measures is the most suitable and simple measure of the strengthsimple measure of the strength and direction of the linear relationship between price and volume?

Options

  • AStandard deviation
  • BInterception
  • CCorrelation
  • DCovariance

Explanation

Correlation measures both the strength and direction of a linear relationship between two variables, such as price and volume.

Topics

#Correlation#Statistical measures#Linear relationships

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