Causality and correlation, Management Theories

Causality and Correlation:

Often there may be a connection among 2 events: That is, when event happens, event B tends to happen.  However, this does not mean that A causes B; causality is not the same as correlation. An example is that statistics show a correlation between the expansion rate of grass and the consumption of gasoline. Does this mean that enlarged use of gasoline makes the grass grow? Unlikely. In fact, there is a separate, familiar, causal factor: Grass grows most in the spring and summer, when the weather  is best. The amount of travel by common in the United States increases in the summer, hence, the biggest gasoline consumption. The season is the fundamental factor. The message here is to make certain you are not mistaking correlation for causality: Be systematic.

 


 

Posted Date: 10/15/2012 8:10:40 AM | Location : United States







Related Discussions:- Causality and correlation, Assignment Help, Ask Question on Causality and correlation, Get Answer, Expert's Help, Causality and correlation Discussions

Write discussion on Causality and correlation
Your posts are moderated
Related Questions
Organizational Structure and Function Project You are a nurse leader in your organization’s human resource department. As part of the interview process, you must explain to potent


WRITING STYLE: English (U.S.) Ethics project Introduction: 1. a.) professional conducts, ethics, and civility are growing concerns for corporate leaders in a global environment. Th


As a business man, how does MIS come handy to you for providing information at various stages of decision making in today’s world of ever increasing complexities of business manage

Explain State jurisdiction State jurisdiction concerns essentially the extent of each State's right to regulate conduct or consequences of events. A state has the competence

discuss in general the overall role of human capital management

Combining "randomness" and "long-term event probabilities" results in duplication of  "reality" in simulation modeling. TRUE          FALSE

Basic component of management according to Taylor: a) Determination of standard of performance: In this he conducted Time and motion studies, Method study and

How Banks have executed BASEL II norms  in India. Now BASEL III will be in place by   April, 2011. How far Indian banks ready to face the challenge of executing BASEL III norms. Di