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What is the purpose of using correlation analysis? How might correlation analysis be used in business decisions or in strategy formulation and implementation?

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What is the purpose of using correlation analysis? How might correlation analysis be used in business decisions or in strategy formulation and implementation?

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What is the purpose of using correlation analysis? How might correlation analysis be used in business decisions or in strategy formulation and implementation?

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By using correlation analysis, we are directly measuring to what extent two variables effect each other, and to what extent one variable has on the other variable. For example, we can use ...

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