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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Coefficient of correlation
Dear sir
To identify The weakest relationship between two variables
Should we look for the number which is close to 1 ?
But why should it be close to 1 sir ( for it to be weak )
A coefficient of +1 or -1 means that there is perfect correlation. The further it is from 1 (i.e. the closer to zero) then the weaker the correlation.
Oh ok sir
And the more closer it is to 1 the relationship is stronger
And the more closer it is to zero
Then the relationship is weak
That is correct 🙂