Dictionary of Accounting Terms: correlation
correlation
degree of relationship between business and economic variables such as cost and volume. Correlation analysis evaluates cause/effect relationships. It looks consistently at how the value of one variable changes when the value of the other is changed. A prediction can be made based on the relationship uncovered. An example is the effect of advertising on sales. A degree of correlation is measured statistically by the coefficient of determination(r-squared).
Dictionary of Business Terms: correlation
correlation
an indication of the degree of association between two quantities; its value is always between -1 and 1.
Dictionary of Real Estate Terms: correlation
correlation
former appraisal term, now replaced by reconciliation.
