Independent variable (x) : Covid -19   Dependent variable (y) : its impact on housing market   Y tends to decrease when the X rises. The Covid 19 here is the independent variable. When the spread of the virus increased , the income fell which led to the fall in the housing market also. Hence when the X rises , Y tends to fall and when X will fall , Y will rise. Hence the relation formed here will have a negative slope and there is negative correlation between these two variables.   Have you established the correlation coefficient determination of the topic?   a)Does the preciseness of the shift in y as x increases determine the strength of the linear correlation

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Please answer a) briefly if possible I will upvote Thanks!

 

Topic - Covid-19 & its impact on housing market

 

Independent variable (x) : Covid -19

 

Dependent variable (y) : its impact on housing market

 

Y tends to decrease when the X rises. The Covid 19 here is the independent variable. When the spread of the virus increased , the income fell which led to the fall in the housing market also. Hence when the X rises , Y tends to fall and when X will fall , Y will rise. Hence the relation formed here will have a negative slope and there is negative correlation between these two variables.

 

Have you established the correlation coefficient determination of the topic?

 

a)Does the preciseness of the shift in y as x increases determine the strength of the linear correlation?

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