SPURIOUS CORRELATION
Spurious correlation is the erroneous presumption of correlativity between two variables. This correlation is, more often than not, influenced by a third factor that is not readily identified at the initial time of analyzation. The name comes from the latin word ‘spurious’ which denoted falsity, and illegitimacy.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Dec | |
| 10:00 | KOF Economic Barometer | Dec | |
| 10:00 | CPI | Dec | |
| 16:45 | Chicago Purchasing Managers Index | Dec | |
| 17:00 | Pending Home Sales | Nov | |
| 03:30 | PMI Manufacturing | Dec | |
| 03:30 | Non-Manufacturing PMI | Dec | |
| 16:00 | House Price Index | Oct | |
| 03:45 | Markit Final Manufacturing PMI | Dec |
