correlation
A measure of the extent to which two economic or statistical variables move together, normalized so that its values range from -1 to +1. It is defined as the covariance of the two variables divided by the square root of the product of their variances. The correlation is used in trade theory to express weak relationships among economic variables.
Browse by Subjects
immunity
autocorrelation
Fisher effect
covariance
Gearing
See All Related Terms »

clearing house
savings and loan
rating officer
carriage paid
foreign exchange transfer