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Management · Q245

Business Statistics

Graduate and Post Graduate · Management · question 245

Q245

Consider the following statements relating to correlation and regression analysis. Statement I Correlation is independent of change of scale, but not of origin. Statement II Correlation denotes co-variability between the Variables. Statement III Regression is a relative measure of relationship between Variables. Statement IV Regression is independent of change of origin, but not of scale

A.
Statements I, II and IV are correct
B.
Statements II, III and IV are correct
C.
Statements II and III are correct
D.
Statements II and IV are correct
Answer

Answer: Option D

Solution

Answer: Option D
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