(Answered) Provide an example of how you could utilize correlation

Finance

Provide an example of how you could utilize correlation analysis for either a personal project or work related project.

What you would identify as the dependent variable (Y) and the independent variable (X)?
What you hypothesize might be the relationship between your X and Y variables?
How you would go about collecting your data?
What other variables (i.e., other Xs) that might impact your dependent variable?
W hat you think may be some of the benefits of correlation analysis vs. some of the deficiencies?

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