Correlation Definitions, Examples & Interpretation

The above result suggests that there is a moderately strong linear relationship between the online retail sales and the total retail sales. This means that as the online sales increase, the total retail sales increase as well to a greater extent.

The correlation coefficient function can be used in a variety of business environment situations. This allows us to understand the relationship between the different variables in the business environment and then to act or control one or two variables for the organization’s benefits.

One of the uses is the finding the relationship and the correlation between the management roles and the different variables such as labor productivity, sales, profitability and return on the capital employed. This is calculated by interviewing the managers and giving them a score on a particular scale. Then that scale is plotted against one of the factors to find the relation and correlation.

Since there is a positive strong relationship therefore, the company needs to implement better management practices to increase productivity of its labor force. Another example is that to find the correlation between the CSP (Corporate Social Performance) of a company and its financial risk. This is an important measure in the current years because social work does build a good reputation for the firm. Since higher CSP signifies lower financial risk, therefore the company needs to increase its social work in the society especially in the areas where it operates to some extent.

Resourses

  1. Berk R. (2004) Regression Analysis: A Constructive Critique. Sage
  2. Cohen J. (2003) Applied Multiple Regression / Correlation Analysis for the Behavioral Sciences. Lawrence Erlbaum Associates.
  3. Reinard J. (2006) Communication Research Statistics. Sage

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
excellent job!
Customer 452773, May 25th, 2023
DATA565
The support team was late responding , my paper was late because the support team didn't respond in a timely manner. The writer of the paper finally got it right but seems there was a problem getting the revisioin to me.
Customer 452773, April 7th, 2024
Management
Love this writer!!! Great work
Customer 452597, April 5th, 2021
Psychology
Thank you!
Customer 452545, February 6th, 2021
business
Thank you for your hard work and help.
Customer 452773, February 13th, 2023
Business and administrative studies
excellent, got a 100
Customer 452773, May 17th, 2023
Leadership Studies
excellent job
Customer 452773, August 3rd, 2023
Leadership Studies
excellent job
Customer 452773, July 28th, 2023
Business and administrative studies
Thank you for your hard work and help
Customer 452773, February 21st, 2023
LEADERSHIP
excellent job
Customer 452773, August 12th, 2023
Human Resources Management (HRM)
excellent, great job
Customer 452773, June 19th, 2023
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp