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Scatter correlation

                          Scatter correlation         scatter correlation Scatter correlation, also known as scatter plot correlation, refers to visually assessing the relationship between two variables by plotting them on a graph. If the points on the scatter plot form a pattern that suggests a linear relationship, then the correlation between the variables is typically quantified using a correlation coefficient, such as Pearson's correlation Certainly! Here are some merits and demerits of using scatter plots for correlation analysis: **Merits:** 1. **Visual Representation:** Scatter plots provide a clear visual representation of the relationship between two variables, making it easier to interpret the correlation intuitively. 2. **Identification of Patterns:** They help identify patterns, trends, and outliers in the data, which can be crucial for understanding the nature of the relationship betwe...
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vignesh S 23UCM037

                        1year b.com                                Unit 2               Equated Monthly Installment  EMI stands for "Equated Monthly Installment." It's a fixed amount of money paid by a borrower to a lender at a specified date each calendar month. EMIs are commonly used for loans, such as home loans or car loans, where the borrower repays the loan amount with interest over a set period, typically in equal monthly payments. The EMI amount comprises both the principal loan amount and the interest on the loan.The formula to calculate the Equated Monthly Installment (EMI) for a loan can be derived from the following formula: EMI = P * r * (1 + r)^n / ((1 + r)^n - 1) Where: - EMI is the Equated Monthly Installment. - P is the principal loan amount (the initial loan amount). - r is the monthly intere...
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