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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Forecasting
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.
This further it is from 1 .
Does it applies to +1 or -1 ?
Yes it does, and I explain this (and the relevance of it being + or – ) in my free lectures.
