strength of relationship
What strength of relationship means in Business A-Level, as defined for AQA.
Definition of strength of relationship
Check what you remember
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Reference: AQA
The closer the points sit to the line of best fit the stronger the link, so a strong positive pattern supports a bigger budget while a weak one warns that something else is moving sales.
Topics that use strength of relationship
- Understanding markets and customers (AQA A-Level)
Related terms
- branding and price sensitivity
- confidence intervals
- cost and timeliness
- evidence based decisions
- income elasticity
- limits of estimated data
- limits of historic records
- market share arithmetic
Using strength of relationship in the exam
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