How do you establish a causal relationship?

How do you establish a causal relationship? To establish causality you need to show three things–that X came before Y, that the observed relationship between X and Y didn’t happen by chance alone, and that there is nothing else that accounts for the X -> Y relationship. How do you find the causal relationship between […]

What is allocation by need?

What is allocation by need? What is allocation by need? (1 point) pricing goods based on want rather than need. giving or selling goods only to people who most need them. giving or selling goods to whoever will stand in line the longest. pricing goods so that even the most vulnerable members of society can […]

How far in advance are trends forecasted?

How far in advance are trends forecasted? two years What is a trend in forecasting? Trend Forecasting is the process of researching and formulating predictions on consumers future buying habits. By identifying the source, tracing the evolution, and recognising patterns of trends, forecasters are able to provide designers and brands with a ‘vision’ of the […]

Why did the Jamestown settlement almost fail?

Why did the Jamestown settlement almost fail? Famine, disease and conflict with local Native American tribes in the first two years brought Jamestown to the brink of failure before the arrival of a new group of settlers and supplies in 1610. Why did the Jamestown colony almost fail the men were more interested in searching […]

What is Edward Thorndike theory?

What is Edward Thorndike theory? The law of effect principle developed by Edward Thorndike suggested that: “responses that produce a satisfying effect in a particular situation become more likely to occur again in that situation, and responses that produce a discomforting effect become less likely to occur again in that situation (Gray, 2011, p. What […]

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