The World Evidence on the Correlation of the COVID-19 Pandemic Confirmed, Recovered and Death Cases
International Journal of Business Education and Management Studies (IJBEMS), Vol. 4, Issue 1, 2020
14 Pages Posted: 27 Apr 2020
Date Written: April 26, 2020
Abstract
The World Health Organization (WHO) has described the coronavirus pandemic as the "defining global health crisis of our time”. Despite that no studies have been undertaken to determine the correlation of ongoing COVID-19 Confirmed, Recovered and Death cases of the World population. The present study is undertaken to analyse the correlation between the COVID-19 confirmed, recovered and death cases from dated 16th march 2020 to 25th march 2020 for the whole World. From that regard, the Simple regression model was used to determine the correlation between the COVID-19 confirmed, recovered and death cases for the whole World. The study applied the time series data from China COVID-19 daily reports from dated 16th march 2020 to 25th march 2020. To determine the correlation of the study variables the study assumes COVID-19 confirmed cases to be independent variables while recovered and death cases to be an dependent variables of the study. The study’s findings were in actual fact very impressive. The study findings manifested that there is a positive and significant relationship between the COVID-19 confirmed cases and all study’s dependent variables (COVID-19 recovered and death cases) from dated 16th march 2020 to 25th march 2020 for the whole World.
Keywords: COVID-19 Pandemic, Correlation, COVID-19’s Confirmed, Recovered and Death Cases
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