Student’s name: Instructor’s name: Course: Date: Correlation and causation A correlation type of analysis seeks to elaborate on the relationship that exists between a set of variables (Wilson, n.p). The relationship can be positive or negative. On the other hand, causation type of analysis seeks to establish the cause and effect aspect of a given set of variables. Importance of distinguishing correlation and causation As a business leader, it is vital that one understands the dynamics of a given business industry. A correlation analysis will provide a business leader with an understanding of the nature of the relationship that exists between given aspects of business with others. In...
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