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
importance and scope

i want to know what are the management process

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

What market segment will the company be targeting?why?

how does the principal of management helps in business organization?

#question.explain current page table and shadow page table

analyse data using measures of dispersion to inform a given business scenario

Experimentation: Experimentation is not easy to define. It will refer to that research process in which one or more variables are manipulated under conditions that permit the

How is value created through outbound logistics