Despite the chant that correlation is not causation, some researchers believe the design of scatter plots nudges us to the wrong conclusions. Can a change in their design lessen that risk? Analyzing ...
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Mastering Positive Correlation Analysis: Tools and Techniques
Let’s look at what correlation means in terms of the relationship between variables. Although our focus will be on positive ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
An analysis of the correlation among U.S. personal income tax rate, tax receipts, and the gross domestic product (GDP) reveals a high correlation between GDP and tax receipts. However, other ...
SPOILER ALERT: If you haven’t yet taken our Science Knowledge Quiz, please do so before reading this any further because we give away one of the answers. In a recent survey of what Americans know ...
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