Correlation refers to / » Quantitative Methods for Economic Analysis 1 solved MCQs / By admin Question: Correlation refers to A. the causal relationship between two variables B. the association between two variables C. the proportion of variance that two variables share D. a statistical method that can only be used with a correlational research design Answer» b. the association between two variables Note: The above multiple-choice question is for all general and Competitive Exams in India.