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Correlation

There is a low negative correlation between crude oil prices and demand/sales, with only 0.094% of changes in demand/sales attributed to changes in crude oil prices. There is a moderate negative correlation between bank interest rates and demand/sales, with around 7% of changes in demand/sales caused by changes in interest rates.

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Gaurav Sharma
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40 views1 page

Correlation

There is a low negative correlation between crude oil prices and demand/sales, with only 0.094% of changes in demand/sales attributed to changes in crude oil prices. There is a moderate negative correlation between bank interest rates and demand/sales, with around 7% of changes in demand/sales caused by changes in interest rates.

Uploaded by

Gaurav Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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For oil prices

Correlation(r) between these two is -0.307. it shows that there is low degree
of negative correlation between them. And as r =.00094, it shows that .094%
change in Demand/sales is because of crude oil price.
2

Correlations
x
x

Pearson Correlation

y
1

-.307

Sig. (2-tailed)

.331

N
y

Pearson Correlation

12

12

-.307

Sig. (2-tailed)

.331

12

12

For Bank Rate


Correlation(r) between the two is -.27. It shows that there is moderate degree
of negative correlation between the two. And as r2 = .0729 i.e. almost 7%
change in Demand/sales is just because of change in interest rate.

Correlations
x
x

Pearson Correlation

y
1

Sig. (2-tailed)
N
y

Pearson Correlation
Sig. (2-tailed)
N

-.274
.443

10

10

-.274

.443
10

10

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