Causality and correlation, Management Theories

Assignment Help:

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.

 


 


Related Discussions:- Causality and correlation

What is the impact of celebrity endorsement, What is the impact of celebrit...

What is the impact of celebrity endorsement and event sponsorship on pre-purchase evaluation by customers? Appropriate data             To find out the answer of this researc

badminton competition, how the college student to manage badminton competi...

how the college student to manage badminton competition

Organizational behaviour, A large unit manufacturing electrical goods which...

A large unit manufacturing electrical goods which has been known for its liberal personnel policies and fringe benefits is facing the problem of low productivity and high absenteei

HRM, Should benching be a matter of concern a Delta?

Should benching be a matter of concern a Delta?

Quantiative decision making, there is a coursework about quantiative decisi...

there is a coursework about quantiative decision making, and the deadline is thursday. Is it possible for you to help

Competitive strategy and competitive advantage, Competitive Strategy (Forma...

Competitive Strategy (Formation of): A framework builds by Michael Porter that gives a spatial present of the 5 major factors governing the development of a competitive planni

Management informaion system, explain the 4 types of report types of transa...

explain the 4 types of report types of transaction proceesing systems

Marketig, core concepts of marketing

core concepts of marketing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd