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What Does a Correlation Coefficient near +1 Mean

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What does a correlation coefficient near +1 mean?


Definitions:

Typical Entrepreneur

Often portrays an individual who is innovative, takes risks, and pursues opportunities for growth and development in business ventures.

Small Businesses

Entrepreneurial ventures or companies with a small number of employees and relatively low revenue, typically characterized by close customer relationships and local operations.

Avert Failure

Strategies or actions taken to prevent or minimize the likelihood of errors, problems, or unsuccessful outcomes.

Fail

The lack of success in achieving a desired outcome or reaching a set standard, often leading to a learning opportunity or reassessment.

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