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Showing results for tags 'correlation'.
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Scatter Plot and Bubble Plot
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins.
Q 210. Scatter plot is useful to check correlations in two variables. Bubble plot (available in Excel too) is used sometimes to show an additional third variable. Let us explore the Bubble Plot. What are the variants for bubble plots? What are some of the limitations of bubble plot? How can a Bubble plot be misused or misinterpreted? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term. -
Correlation and Causation
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins.
Q. 168 Correlation does not prove causation. Assuming continuous data for both, is it safe to say that proven cause effect relationship certainly results in strong correlation between the cause and effect variables? Explain with examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term. -
Correlation Quiz
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins.
This is a multiple choice question carrying 100 points for the right answer. Flash quiz closes in four hours - 6 PM IST on 29th January 2018. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term. -
Correlation does not prove the cause-effect relationship between two variables. Why do we still use it in root cause analysis? Please answer in your own words. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.