Leaders Stop Confusing Correlation with Causation
· In your own words, define both correlation and causation (you may need to do a web search for the latter). Discuss how correlation is often confused with causation.
· Discuss financial implications that can stem from confusing correlation with causation. Be sure to mention the EBAY and Yelp examples. Further, brainstorm additional financial implications that might occur (beyond those specifically mentioned in the article).
· Define and discuss “causal inference”. How might regression analysis help in providing causal inference, relative to correlation analysis?
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