The coefficient of correlation definition refers to a statistical measure that quantifies the degree to which two variables move in relation to each other. It ranges from -1 to 1, where -1 indicates a perfect negative correlation, 0 signifies no correlation, and 1 denotes a perfect positive correlation. This metric is crucial in assessing relationships within financial data, aiding in investment decisions and risk management.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
