Question: Please evaluate the correlation matrix below, assuming stock price is the response variable. If you are using this as a diagnostic tool, what are you
Please evaluate the correlation matrix below, assuming stock price is the response variable. If you are using this as a diagnostic tool, what are you looking for? If this was your data, how would you proceed?
| Stock Price | Competitiveness | Innovativeness | Firm Size | Firm Age | |
| Stock Price | 1.0 | ||||
| Competitiveness | .73 | 1.0 | |||
| Innovativeness | .49 | .81 | 1.0 | ||
| Firm Size | .17 | .12 | .03 | 1.0 | |
| Firm Age | .26 | -.31 | -.49 | .62 | 1.0 |
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