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

Mr, hihkjhjhjkbhjgbhjbhjn bnbbbnbnbnbnbnbnhh hjhjhjgj ressdd rggfghghjghjg ...

hihkjhjhjkbhjgbhjbhjn bnbbbnbnbnbnbnbnhh hjhjhjgj ressdd rggfghghjghjg drttyftyrftf ftyftftfghg tdtscgfg

Project management, Dabhol case study: In the Dabhol case, we see large Ame...

Dabhol case study: In the Dabhol case, we see large American corporations that invest and manage projects in developing countries with little concern for the local citizens. In thi

Cell, which is the largest organelle in the cell other than nucleus?

which is the largest organelle in the cell other than nucleus?

Knowledge, Do you think that all work is knowledge work

Do you think that all work is knowledge work

What do you mean by management science theory, Q. What do you mean by manag...

Q. What do you mean by management science theory? Management science theory utilizes several quantitative techniques to maximize resource. Quantitative Management, Operations M

Revolution, Historical revolution of operation management in agricultural e...

Historical revolution of operation management in agricultural era

Decision Making, Explain different types of decisions Discussions

Explain different types of decisions Discussions

LPP, Use the simplex method to solve the following LP Problem. Max Z = 107x...

Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0

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