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Correlation refers to the relationship between two variables that may vary in tandem or opposite direction. It is a statistical measure that measures the degree to which variables are related or connected to each other. Correlation can be positive, negative or zero depending on the direction and strength of the relationship between variables. It is used in various fields such as finance, economics, and psychology to understand patterns and make predictions based on the variables that are being studied. Correlation analysis allows us to identify trends and patterns that have a significant impact on the variables under study.
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