The Term That Is Given When Two Variables Are Correlated

question 32

Multiple Choice

The term that is given when two variables are correlated but there is no apparent connection between them is:

• A) spontaneous correlation.
• B) random correlation.
• C) spurious correlation.
• D) linear correlation.

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Definitions:

Mean Absolute Percentage Error

A measure of prediction accuracy in statistics that calculates the average absolute percentage difference between predicted and actual values.

Actual Value

The true or real value of something, as opposed to an estimated or perceived value.

Forecast Value

A predicted numerical value that represents the expected outcome of a variable of interest in future periods, based on past and current data trends.

Weighted Moving Average

A calculated average of data points where different data points are given different weights, often used in technical analysis to smooth out price data.