Provide an example of how you could utilize correlation analysis for either a personal project or work related project.
- What you would identify as the dependent variable (Y) and the independent variable (X)?
- What you hypothesize might be the relationship between your X and Y variables?
- How you would go about collecting your data?
- What other variables (i.e., other Xs) that might impact your dependent variable?
- W hat you think may be some of the benefits of correlation analysis vs. some of the deficiencies?