Rarely is role playing viewed as the effective and useful coaching tool that it is. When set up and used correctly, role playing is one of the most helpful ways to train and develop your employees.
Correlation analysis is used primarily as a data exploration technique to reveal the degree of association in a set of matched data. This information can inform subsequent analyses of relationships between variables. In particular, correlation can indicate possible factors that confound a relationship of interest.
What is 'Correlation' Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management. Correlation is computed into what is known as the correlation coefficient, which has value that must fall between -1 and 1. BREAKING DOWN 'Correlation' A perfect positive correlation means that the correlation coefficient is exactly 1.