Write down the three mains steps to conduct the correlation analysis?
Which step, do you think, are the most significant and which one is the most challenging to complete?
Name and explain at least five business applications for correlation analysis.
Would you expect which the returns of U.S. stocks and U.S. bonds would be correlated? Explain why or why not?
Would you expect that the returns of U.S. stocks and European stocks would be positively correlated? Explain why or why not?