Correlation is an important concept that can be used to analyse data sets and assist business leaders in gaining useful insights into the relationships between business outcomes.
![](/media/31710/person-making-a-decision.jpg)
Effective rent is the average rent a tenant pays after accounting for discounts, incentives, or lease concessions. It reflects the real cost of renting a property over the lease term, helping businesses and tenants compare different rental options and determine the true financial impact of a lease agreement.