describes two positively correlated series that have a correlation coefficient of +1

Finance Aug 12, 2020

describes two positively correlated series that have a correlation coefficient of +1. Select one: O a. Perfectly negatively correlated O b. Perfectly positively correlated O c. Negatively correlated O d. Positively correlated

Expert Solution

b. Perfectly positively correlated describes two poitively correlated series that have a correlation cofficient of +1

A perfect positive correlation is represented by the correlation coefficient value +1.0, while 0 indicates no correlation, and -1.0 indicates a perfect inverse (negative) correlation

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