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Does Correlation imply Causation? Decoding the Dance between Data's Dynamic Duos

Two Prompts to try and 3 products to explore

Author

Arun Chinnachamy
September 04, 2023

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Welcome to 826 new subscribers who have signed up since last week. Congratulations on joining our vibrant community of 5,000+ data professionals. In case you have missed our older posts, check them out.

Another Monday and another new beginning. Have a great productive week full of possibilities and learnings. Let us start this week with learning a one new concept, two prompts and three Products to check out.

  • Decoding the Dance between Data's Dynamic Duos - correlation does not imply causation

  • Interesting prompt for ChatGPT and MidJourney

  • Three Products launched last week.

One Concept to learn

In the world of data analysis, two concepts often trip up even the most seasoned professionals: causation and correlation. These terms are far from interchangeable, and understanding their differences is vital in drawing accurate conclusions from data.

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In the wilderness of data, Correlation might be your compass, but only Causation can blaze a trail to truth!

Causation implies a cause-and-effect relationship. When event A occurs, it causes event B to happen. For instance, a decrease in the price of a product (A) can cause an increase in its sales (B) - a direct, understandable effect!

Correlation, on the other hand, points out that two events happen concurrently, but without implying that one causes the other. Say you noted that ice cream sales and the number of people wearing shorts rise together. Does wearing shorts trigger a craving for ice cream? Unlikely! They’re correlated because both activities increase with hotter weather, but one does not cause the other.

Remember, correlation can hint towards a causal relationship but doesn't prove it. As data aficionados, steering clear from assuming causation based purely on correlation can save us from potentially faulty actions and conclusions. So No Correlation does not imply Causation most of the times.

The world of data analysis is glittered with such intriguing gems of knowledge. Stay tuned for more in our next issue where we'll be slicing and dicing into Advanced Regression Analysis!

Two Prompts to try

From Today, you will see two interesting prompts in all our emails. Prompting is critical step in getting the right output from any AI Model. So we will see one prompt for language models and another one for Generative Image models.

A year back, if someone shared this image and said that a computer created in few seconds based on instructions in words, I would not have believed.

Prompt to use: Model: MidJourney 5.2 

colors, sharp light blue eyes, A soul-stirring close-up portrait of a woman, grins, her grace enhanced by the soft gradient of natural light, the chiaroscuro effect adding depth, taken by the esteemed photographer Sally Mann, Photography, Hasselblad X1D II with an 80mm f/1.9 lens, set at f/2.8, ISO 64, 1/180s, with ambient light sculpted using a large diffuser and a gold reflector for warmth, --ar 9:16 --s 200

To use ChatGPT for data cleaning and preprocessing, you can provide a prompt that specifies the task you want to perform. Here's an example of a prompt you can use: Try it now

"I want you to act as a data visualizer. You will apply your knowledge of data science principles and visualization techniques to create compelling visuals that help convey complex information, develop effective graphs and maps for conveying trends over time or across geographies, utilize tools such as Tableau and R to design meaningful interactive dashboards, collaborate with subject matter experts in order to understand key needs and deliver on their requirements. My first suggestion request is "I need help creating impactful charts from sales data with sales person along with the region details.""

Three Products to explore

ProbeAI is an Artificial Intelligence co-pilot designed to assist and enhance the efficiency of data analysts. - Link

Vizzly offers no-code, embedded analytics for SaaS companies, providing user-friendly dashboards and custom reports to boost user engagement. Link

How often we want to integrate GPT models within Google Sheets? Script enables Google Sheets to connect directly to OpenAI API, generating AI language model content without third-party tools or subscriptions. Link

Today’s post is sponsored by “A Smart Bear”. Join 33,000+ subscribers who love thinking about strategy, startups, product, marketing, decision-making, and founder psychology. Subscribe to the weekly newsletter for free.