Question

1. Give a specific example illustrating how correlation does not imply causation.

2. A grocery manager has data concerning sales of fresh produce over a 20year period. The manager plugs the data into excel and without plotting comes up with the equation for the regression line. Using this equation, the manager estimates the produce sales for the upcoming year. What mistake(s), if any, did the Manager make? Explain.

Answer #1

1. Give a specific example illustrating how correlation does not
imply causation.
2. A grocery manager has data concerning their sales of fresh
produce over a 20 year period. The manger plugs their data into
excel and without plotting comes up with the equation for the
regression line. Using this equation they estimate the produce
sales for the upcoming year. What mistakes did they make?
Explain.

Give a specific example illustrating how correlation does not
imply causation. 2. A grocery manager has data concerning their
sales of fresh produce over a 20 year period. The manger plugs
their data into excel and without plotting comes up with the
equation for the regression line. Using this equation they estimate
the produce sales for the upcoming year. What mistakes did they
make? Explain.

Please answer the following Case
analysis questions
1-How is New Balance performing compared to its primary rivals?
How will the acquisition of Reebok by Adidas impact the structure
of the athletic shoe industry? Is this likely to be favorable or
unfavorable for New Balance?
2- What issues does New Balance management need to address?
3-What recommendations would you make to New Balance Management?
What does New Balance need to do to continue to be successful?
Should management continue to invest...

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