Classify the data as either qualitative or quantitative. The following table gives the top five movies at the box office this week. Box Office Rank Last Week Movie Title Studio Sales ($millions) Pirate N/A Movie Giant 35.2 Adventure Secret Agent G.M.G. 19.5 2 Files Epic Super 22nd 14.3 Hero Team Century 4 Reptile Ride Movie Giant 10.1 Must Love 4 Dreamboat 9.9 Cats What kind of data is provided by the information in the fifth column? 1. 1. 2.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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