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describes two positively correlated series that have a correlation coefficient of +1
describes two positively correlated series that have a correlation coefficient of +1.
Select one:
a. Perfectly negatively correlated
b. Perfectly positively correlated
c. Positively correlated
d. Negatively correlated
Expert Solution
Perfectly positively correlated describes two positively correlated series that have a correlation coefficient of +1.
-1 is perfectively negative.
Therefore, Option b is correct.
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