Class 11 Economics Chapter 7-Correlation Solution

Class 11 Economics Chapter 7-Correlation Solution

Chapter 7 of Class 11 Economics delves into the concept of correlation, which is a statistical measure used to describe the relationship or association between two variables. The chapter explores how correlation helps in understanding the direction and strength of the relationship between variables.

The chapter begins by introducing the concept of correlation and its significance in economic analysis. It explains that correlation measures the degree to which changes in one variable correspond to changes in another variable. The chapter emphasizes that correlation does not imply causation, but rather provides insights into the relationship between variables.