Question

In: Economics

Review the above pdf document on "Spurious Correlations" and then write a paper that argues why...

Review the above pdf document on "Spurious Correlations" and then write a paper that argues why correlation does not mean causality.

Page limit: maximum 2 pages. Calibri or Arial 11 font, single-spaced, margins (1”) on all sides, no covers or binders, just a plain cover sheet with your name. Unlimited exhibits, graphs and attachments as long as they are referred to directly in your text. Cover sheet, and attachments not counted in page limit.

Sad Sate of Research These Days Spurious Correla6ons

Solutions

Expert Solution

(Do not have acess to PDF, points made from general debate).

Correlation: Linear relationship between two variables.

Correlation checks for the linear relationship between any two variables, i.e., whether the variables move in the same direction, opposite direction or have no relationship.

Often correlation is taken to mean causation. But such an inference is incorrect. Correlation simply sees how the two variables are moving in relation to one another. For instance if height and weight are postively correlated, we can expect the weight of an individual to be higher if the height is higher and vice versa.

HOWEVER, it would be wrong to imply that higher height causes higher weight or that higher weight leads to more height.  

Correlations can often be suprious, i.e., two variables can have a significant correlation without any apparent cause or reason. This would just mean that the variables move together/against each other. For instance, we have a positive correlation between length of an individual's hair and their ability to jump. That doesn't mean that because an individual's hair is longer, they can jump more.

Causation means one variable leads to another. A low birth weight can result in severe health problems in the later life. Causation is determined from theory or our basic understanding of the world. It requires knowledge of the subject.

We have seen earlier than correlation does not imply causation. Similarly, just because one variable may cause another, it doesn't mean that their correlation will be high. Why? Because correlation measures only linear relationship. Causation need not be linear causation.

Therefore, we must be very careful while interpreting the numbers in front of us.  


Related Solutions

1. Create a Word document in the Documents library. Write a small “summary or review” of...
1. Create a Word document in the Documents library. Write a small “summary or review” of an interesting “technology article” – The topics can be anything related to recent news in technology “Example: Launching of new gadgets of Apple, or Artificial Intelligence and its uses, Amazon Web Services etc” please include workcited
write a critical review on this paper "THE INFLUENCE OF ARCHITECTURE IN ENGINEERING SYSTEMS" Engineering System...
write a critical review on this paper "THE INFLUENCE OF ARCHITECTURE IN ENGINEERING SYSTEMS" Engineering System Monograph ENGINEERING SYSTEMS MONOGRAPH The ESD Architecture Committee Edward Crawley, Olivier de Weck, Steven Eppinger, Christopher Magee, Joel Moses, Warren Seering, Joel Schindall, David Wallace, Daniel Whitney (Chair) THE INFLUENCE OF ARCHITECTURE IN ENGINEERING SYSTEMS The ESD Architecture Committee Edward Crawley, Olivier de Weck, Steven Eppinger, Christopher Magee, Joel Moses, Warren Seering, Joel Schindall, David Wallace, Daniel Whitney (Chair) ABSTRACT The field of Engineering...
Write a paper in Urinalysis What is urinalysis and why is it done. Then write a...
Write a paper in Urinalysis What is urinalysis and why is it done. Then write a paragraph in each of the following tests that make a urinalysis Leucocytes Nitrate Urobilinogen    Protein PH Blood Specific Gravity Ketones Bilirubin Glucose
Write a 3 page paper discussing why globalization is beneficial or harmful to an organization and...
Write a 3 page paper discussing why globalization is beneficial or harmful to an organization and what ethical decisions are part of the decision process.
Write a paper of 2,000 words, explaining why it is necessary for all business organisations to...
Write a paper of 2,000 words, explaining why it is necessary for all business organisations to have effective financial management systems and explaining how the information held in financial management systems contributes to ongoing business performance and business planning.
Write a paper that describes the reasons why claims are delayed and rejected within the healthcare...
Write a paper that describes the reasons why claims are delayed and rejected within the healthcare industry. Consider the following: coordination of benefits, submission of claims, adjustments, and any other relevant processes in regards to processing reimbursement claims in a healthcare organization. At least 1,000 words in length. At least 2 sources that support the content (cited and referenced in APA format in the paper). The paper should follow APA format. Download: APA Paper Template.docx please use your own words.
I have to write a review paper of one measurement technique (any device you feel interested in or have experience with)
 I have to write a review paper of one measurement technique (any device you feel interested in or have experience with), which could be what I have learned in Mechanical Measurement course.The main content should include how it operates, its application, changes in design with time, and future direction. Although I have to focus on recent and future development. Would you give me any examples of devices or suggest essay topics ?  
2. Write a one page summary paper on "Why the Federal Reserve did not act as...
2. Write a one page summary paper on "Why the Federal Reserve did not act as the lender of last resort for all the banks that failed during the Great Depression?" 3. Do a comparison on the wages earned in the 1970's to wages earned today, by converting the 1970 wages to wages today.
Write a 1 page paper discussing why business majors should study accounting.
Write a 1 page paper discussing why business majors should study accounting.
Write a two page paper discussing the use of patient portals. Why is a patient portal...
Write a two page paper discussing the use of patient portals. Why is a patient portal important? How is the patient portal is empowering? Are there any concerns in using a patient portal?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT