Question

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.

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.

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.

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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?
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INNOVATION
Deep Change: How Operational Innovation Can Transform Your
Company
by
Michael Hammer
From the April 2004 Issue
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8.95
In 1991, Progressive Insurance, an automobile insurer based in
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Hardly. Auto insurance is a mature, 100-year-old industry...

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