April 2021

Correlation vs regression in association studies

Another useful quantity that can be obtained from the analysis of variance is the coefficient of determination (R2). Usually, these values would be calculated using a statistical package or the statistical functions on a calculator. Regression line obtained by minimizing the sums of squares of all of the deviations. For more on variables and regression, …

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What Is a Futures Contract?

Agricultural futures like chana, soybean and cotton allow hedging price risk. Energy futures like crude oil and natural gas allow managing exposure. Commodity futures prices depend on expected spot prices at expiration. In India, commodity futures aid producers/consumers in hedging volatile commodity prices. The wide range of commodity futures available in Indian markets makes them …

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