CORRELATION

Question 1

When does correlation occur

Answer 1

CORRELATION: This occurs when there is a relationship between two sets of data.

An increase in promotional spending, and an increase in brand awareness
An increase in staff training budget, and a decrease in complaints
A fall in competitors selling price, and the impact of sales

Question 2

When does a positive correlation occur

Answer 2

A positive correlation occurs when two sets of data increase or decrease together.

Question 3

When does a negative correlation occur

Answer 3

A negative correlation occurs when two sets of data change in opposite directions.

Question 4

What does a strong correlation looks like?

Answer 4

it’s when the points are relatively close together - In an upward manner

Question 5

What does a weak correlation look like

Answer 5

it’s when the points are not that close to each other - In a declining manner

Question 6

When does no correlation occur

Answer 6

No correlation occurs when there is no obvious relationship between the data sets.

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