September 2018
Intermediate to advanced
392 pages
10h 16m
English
Content preview from Evidence-Based Management
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Figure 7.1
You have probably heard many times before, however, that correlation is not causation. Therefore, when a study describes a correlation between two variables, it only means that they were able to demonstrate ‘some’ relationship. In fact, correlation doesn’t even mean that the two variables are directly related. As we have seen in the example with the sales of ice cream and the number of children drowning (Chapter 5), these two variables closely covary. Moreover, if you were to calculate a correlation coefficient, you would find a strong correlation between the two. It would not matter, either, how many times you measured this relationship: ...
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