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Forecasting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Forecasting

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 6, 2019 at 3:30 am #551646
    Ha
    Participant
    • Topics: 54
    • Replies: 54
    • ☆☆

    Can you pls explain a lil bit about correlation coefficient ? . They say : + 1 means the variable are positive , -1 means negative ”

    + 1 means bigger than 1 and -1 mean smaller than 1 ?

    1- Can you please explain why the answer is +1,2 in this question ?

    Which of the following is NOT a feasible value for the correlation coefficient ?

    A +1,2
    B +0,6
    C 0
    D -0,9

    2- The following four data pairs have been obtained : ( 1,5 ) , (2,6 ) , ( 4,9 ) , ( 5,11 ). without carrying out any calculation , which of the following correlation coefficient best describes the relationship between x and y ?

    A -0,98
    B -0,25
    C 0,98
    D 0,25

    The answer shows 0,98 because ” its strong and positive ” . I completely don’t understand why its strong and positive here ?

    3- There is a part of ” summarizing and analyzing data ” in BPP practice , for solving it , which chapter should I watch from your lecturers ?

    Thanks , Mr John

    November 6, 2019 at 7:14 am #551658
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54662
    • ☆☆☆☆☆

    I explain both of these points in my free lectures – you cannot expect me to type them all out here 🙂

    They are dealt with in the lectures on semi-variable costs (chapter 19 of the free lecture notes).

    November 6, 2019 at 5:02 pm #551702
    Ha
    Participant
    • Topics: 54
    • Replies: 54
    • ☆☆

    Oh yes . I’ve missed chapter 19 which talked about the correlation coefficient. Thank you

    November 7, 2019 at 8:09 am #551742
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54662
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Forecasting’ is closed to new replies.

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