![]() You would like to show progress, so you decide to include them in your report to management. Dredging is the removal of sediments and debris from the bottom of lakes, rivers, harbors, and other water bodies. Your company has no business in Ohio or Louisiana, and it there is no reasonable conclusion why these correlations exist, even though the p-values are less than 5%. Operations and effectiveness may be affected by utilities and other infrastructures, surface and submerged structures (e.g. Of the 100, two show statistical significance: interest rates on boat loans in south Louisiana and household debt in north Ohio. Dredging or excavation may also be more complex and costly than other approaches due to accommodation of equipment maneuverability and portability/site access. Possible reasons for dredging include improving existing water features reshaping land and water features to alter drainage, navigability, and commercial use constructing dams, dikes, and other controls for streams and shorelines and recovering valuable mineral deposits or. You download a database from a government website and decide to run a series of automated regressions. Dredging is the excavation of material from a water environment. Imagine that instead of choosing only four macroeconomic indicators, you chose 100. verb (used without object), dredged, dredg·ing. This could have gone another way…īUT wait! This could have gone another way. to take, catch, or gather with a dredge obtain or remove by a dredge. An honest analyst would not make this claim, but show that there is no relationship. You had conflicting evidence of the statistical significance of two correlations, but since one side of the evidence supports a personal claim you would like to make, you decide to accept it. When people dredge a harbour, river, or other area of water, they remove mud and unwanted material from the bottom with a special machine in order to make. Since you’re in a bind, you decide to claim that GDP and Employment rate have a strong relationship to revenue, and that you’re going to explore this further.
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