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Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins
Edition 5ISBN: 0073526940Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins
Edition 5ISBN: 0073526940How do we know when high correlation exists? Is high correlation the same as cause and effect?
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Correlation basically means relationship exit between the two variable. Correlation may be positive or may be negative depend upon the circumstances. A positive correlation is good from the organization in which both the variable are increasing but on the other hand if there is negative correlation then it clear indicates that one variable increase and other decrease. High level of correlation exist when both the dependent variable are move in the same direction, it means and working upon the cost estimation is prove to be accurate and reliable on the ground that there is positive correlation between the variable.
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