Question: What are the three mains steps to conduct a correlation analysis? Which step, do you think, is the most important and which one is the most challenging to complete?

? NaMeand describe at least five business applications for correlation analysis.

? Would you expect that the returns of U.S. stocks and U.S. bonds would be correlated? Why or why not?

? Would you expect that the returns of U.S. stocks and European stocks would be positively correlated? Why or why not?

Justify your answers using examples and reasoning. Support your answers with examples and research and cite your research using the APA format.