Analysis of causal relations between variables

Milan Terek, The School of Management, Slovak Republic

Pages: 34 – 51

Abstract

Verifying and estimating the presumed causal relations between the variables is considered a central problem. The aim of the article is to provide an overview of the existing procedures and methods applicable in this area. The article describes their basic features and illustrates the possibilities of their use by simple examples. This can facilitate the process of selecting appropriate methods for solving specific problems of verification and the estimation of the presumed causal relationships between variables.

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