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Statistics - Auto Correlation - Business Examples

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Give three real life or business examples of each of the following:

a) Positively related events. Explain why they are directly related.

b) Negatively related events. Explain why they are inversely related.

c) Spuriously related events. Explain why they are spuriously related

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a)
(1) In real life, we experience that people who are happily disposed tend to be more helpful than people who have their own problems.
Possible Reason: Happiness stimulates a person to give something in return to the society
(2) In college, we see students with higher SAT scores have higher grades.
Possible Reason: Success breeds success. Success and good work motivates a student to excel yet again.
(3) People with a higher education level are better placed and earn more.
Possible Reason: A fair societal system encourages people to be educated and therefore, higher levels of education draw higher ...

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