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What Is the Fundamental Difference Between Correlation and Causality? Why

question 35

Essay

What is the fundamental difference between correlation and causality? Why is it important to distinguish between them?


Definitions:

Expectations

Beliefs or forecasts about what will happen in the future based on current knowledge or trends.

Revenue

The total income generated by a company from its normal business operations.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Owners

Individuals or entities that have legal ownership and rights over property, assets, or businesses.

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