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BBC
· Mar 12, 2024
Scatter diagrams
as one variable increases the other variable decreases. A correlation is not used to describe a scatter diagram that shows no relationship between the two variables. Image caption, This scatter ...
International Monetary Fund
· Dec 14, 2024
Regressions: An Economist Obsession
But clearly there is no relationship: bigger shoe size does not cause better reading ability. In economics, correlations are common. But identifying whether the correlation between two or more variables represents a causal relationship is rarely so easy.