A Correlation Matrix Must Always Have 1's Along Its Diagonal

question 2

True/False

A correlation matrix must always have 1's along its diagonal (because a variable is always perfectly correlated with itself)and the correlations between variables elsewhere.

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Definitions:

Primary Roles

Fundamental responsibilities or functions assigned to an individual or entity in a specific context.

Location Economies

Cost advantages achieved by a firm due to its geographical location, influencing factors like production, logistics, and access to markets or resources.

Sheet Glass

A type of glass made by floating molten glass on a bed of molten metal to produce a flat surface, commonly used in windows, mirrors, and glass doors.

Transnational Approach

An approach taken by companies that see themselves as without a national identity and operate on a global scale, beyond geographical and cultural boundaries.