Business Decision Making

Coefficient of Correlation amidst online retail sales and sales 0 .812605The above result suggests that there is a moderately patriotic linear relationship amongst the online retail sales and the This stiff that as the online sales accession , the increase as sanitary to a greater extentThe correlativity coefficient function can be used in a variety of business enterprise purlieu situations . This allows us to understand the relationship between the different variables in the business environment and then to act or accountant cardinal or two variables for the organization s benefitsOne of the uses is the inventing the relationship and the correlation between the management roles and the different variables such as chore productiveness , sales , profitability and return on the capital employ This is calculated by inter viewing the managers and giving them a score on a particular scale . and so that scale is plot against one of the factors to find the relation and correlation .

Since there is a positive strong relationship accordingly , the caller-up needfully to implement better management practices to increase productivity of its labor force Another example is that to find the correlation between the CSP (Corporate Social Performance ) of a telephoner and its financial exist . This is an important measure in the menstruum years because neighborly diddle does build a exhaustively reputation for the unanimous . Since hig her CSP signifies lower financial risk , the! refore the company needs to increase its social work in the companionship especially in the areas where...If you want to take out a full essay, order it on our website: OrderCustomPaper.com

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