Page 93 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

7.The discounts and offers are: 8.Sales promotional strategies are

9.Credit facility given: Replacement of breakages and expired product

11.The stockiest of the firms are: 12.Behaviour of MR are

Correlation Analysis

In the world of finance, a statistical measure of how two trends move relative to each other. Correlations are
used in advanced portfolio management.

r= n∑xy-(∑x)(∑y) √(n ∑x^2-(∑〖x)〗^2 ) √(n ∑y^2-(∑〖y)〗^2 )

Correlation is calculated as per the correlation coefficient, where the values vary between -1 and +1. If the

correlation is 0, the trend movements are said to be uncorrelated; They are completely random.