If two variables are highly correlated, does this imply that changes in one cause changes in the other? If not, give at least one example from the real world that illustrates what else could cause a high correlation.
If two variables are highly correlated, does this imply that changes in one cause changes in the other? If not, give at least one example from the real world that illustrates what else could cause a high correlation.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 5P: Management of a home appliance store wants to understand the growth pattern of the monthly sales of...
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If two variables are highly correlated, does this imply that changes in one cause changes in the other? If not, give at least one example from the real world that illustrates what else could cause a high correlation.
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