Financial Definition of Correlation
Meaning of Correlation
See: Correlation coefficient.
International Trade Meaning and Definition of Correlation
A measure of the co variability of two assets that is scaled for the standard deviations of the assets (rAB = sAB / sAsB such that -1 < rAB < +1).
Related Entries of Correlation in the Encyclopedia of Law Project
Browse or run a search for Correlation in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Correlation in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Correlation in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Correlation in the Legal Abbreviations and Acronyms Dictionary.
Browse
You might be interested in these references tools:
| Resource | Description |
|---|---|
| Correlation in the Dictionary | Correlation in our legal dictionaries |
| Related topics | Browse topics from the World Wiki Encyclopedia of Law |
| Browse the Legal Thesaurus | Find synonyms and related words of Correlation |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Correlation in the World Encyclopedia of Law |
What is Correlation?
Vocabularies (Semantic Web Information)
| Resource | Description |
|---|---|
| Topic Map | A group of names, occurrences and associations |
| Topic Tree | A topic display format, showing the hierarchy |
| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/correlation | The URI of Correlation (more about URIs) |
Concept of Correlation in the context of Real Property
A short definition of Correlation: The use of different appraisal methods to reach an estimate of value of a property. The methods must be weighed as to relative value in each specific appraisal.
Concept of Correlation in the context of Real Property
A short definition of Correlation: The use of different appraisal methods to reach an estimate of value of a property. The methods must be weighed as to relative value in each specific appraisal.
Definition of Correlation
The Canada social science dictionary [1] provides the following meaning of Correlation: Criminologists from an empiricist perspective tend to look at the social world in terms of variables (anything which varies within a population or group rather than being constant). Everyone in your class is a student so that is a constant, however, there is a great deal of variation by factors like sex, age, income, program, GPA, religion, ethnic heritage. If one gathers information from the whole class on these variables we might begin to see that some variables vary in patterned ways. People with a particular ethnic heritage may tend to be more religious than those from other heritages. This would suggest a correlation; as one variable varies, so does the other. If there were more students of that particular ethnic heritage in the class then religiosity for the group would also increase. As one goes up, so does the other. This is referred to as a positive correlation. If one variable goes up and the other down, this is called a negative relationship. For example, as age goes up, the crime rate goes down, is a negative (or sometimes called an ‘inverse’) correlation. A correlation does not mean that one variable causes the other. A causal relationship has to be determined by further research work.
Correlation: Resources
Notes and References
- Drislane, R., & Parkinson, G. (2016). (Concept of) Correlation. Online dictionary of the social sciences. Open University of Canada
Leave a Reply