The Importance of Using Real-World Examples and Data to Teach Correlation

Friedman, H. H. & Amoo, T. (2019).The importance of using real-world examples and data to teach correlation. Annual Northeast Decision Sciences Institute (NEDSI) Conference, Philadelphia, PA, April 4-6.

14 Pages Posted: 27 Aug 2019

See all articles by Hershey H. Friedman

Hershey H. Friedman

City University of New York - Department of Business Management

Taiwo Amoo

City University of New York - Department of Finance

Date Written: April 2019

Abstract

In the age of analytics and big data, it is becoming easier to dredge the data and find significant correlations. It is important for educators to enhance their lectures dealing with correlation. The authors feel that the best way to accomplish this is by using actual, real-world correlations uncovered by researchers. This paper provides examples of correlations from many diverse disciplines including management, education, psychology, and health.

Keywords: Correlation, Spurious Correlation, Causality, Regression to the Mean, Google Correlate.

JEL Classification: A22, C10, I10, I21, I29

Suggested Citation

Friedman, Hershey H. and Amoo, Taiwo, The Importance of Using Real-World Examples and Data to Teach Correlation (April 2019). Friedman, H. H. & Amoo, T. (2019).The importance of using real-world examples and data to teach correlation. Annual Northeast Decision Sciences Institute (NEDSI) Conference, Philadelphia, PA, April 4-6.. Available at SSRN: https://ssrn.com/abstract=3441972

Hershey H. Friedman (Contact Author)

City University of New York - Department of Business Management ( email )

Taiwo Amoo

City University of New York - Department of Finance ( email )

2900 Bedford Avenue
Brooklyn, NY 11210
United States

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