correlation

Vocabulary Word

Definition

'Correlation' is a term used to describe a mutual relationship or connection between two or more things. Like, there is a correlation between height in adults and bone strength.

Examples in Different Contexts

In business analysis, 'correlation' is used to identify patterns and trends between different business variables. A market analyst might observe, 'A strong correlation exists between customer satisfaction levels and repeat purchases in our stores.'

Practice Scenarios

Sustainability

Scenario:

The global temperatures have been rising for the past few years. During the same period, there's also been a rise in global industrial activities.

Response:

The data does suggest a potential correlation between rising global temperatures and increased industrial activities.

Tech

Scenario:

Since the latest update, the loading speed of the application has slowed down considerably. Our user count has also gone up recently.

Response:

Looking at the numbers, there seems to be a direct correlation between the slow loading speed and increased user count.