Which of the following statements are true about correlation? A. The correlation describes the tendency of two data series to move together. B. A negative correlation indicates that two data series do not covary with each other. C. The correlation coefficient mesuares the degree of correlation between the two data series. D. A strong positive correlation or strong negative correlation provides evidence of covariation of two data series. E. A positive correlation indicates that two data series covary with each other.

Which of the following statements are true about correlation? A. The correlation describes the tendency of two data series to move together. B. A negative correlation indicates that two data series do not covary with each other. C. The correlation coefficient mesuares the degree of correlation between the two data series. D. A strong positive correlation or strong negative correlation provides evidence of covariation of two data series. E. A positive correlation indicates that two data series covary with each other.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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