Question
Case no: 01 The Boston Snow Index (BSI) is the brainchild of a vice president of a New York securities firm. It predicts a rising
Case no: 01
The Boston Snow Index (BSI) is the brainchild of a vice president of a New York securities firm. It predicts a rising economy for the next year if there is snow on the ground in Boston on Christmas Day. The BSI predicted correctly about 73 percent of the time over a 30-year period. However, its creator, David L. Upshaw, did not take it too seriously and views it as a spoof of other forecasters' methods
Case no: 02
A Super Bowl win by an NFC team predicts that in the following December the stock market will be higher than the year before. A win by an old AFL team predicts a dip in the stock market.
Which of the above indicators are examples of causation? Explain.
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
