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correlation

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The relationship between two variables. There can be correlation without a cause-and-effect relationship. Also see coefficient of correlation.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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