CosmicMind
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I'm currently studying financial statistics and this is a question that is notorious. Is there a specific cause and effect relationship that can be identified? In other words can we always trace a cause to a specific effect and vice versa? or is there randomness?
For example if I create XYZ product or service is it possible to know ahead of time that ABC customers will responds to it, perceive value or benefits and take action to buy it? The same goes for other areas such as investments. If I know ABC causes then I would know XYZ effects ahead of time.
Mark Cuban said the number one reason he is successful is because he can "look around the corner".
What do you guys think? How do you approach this question when it comes to your start ups or investments? Can you know something ahead of time? Food for thought. Thoughts? Comments? 😀
For example if I create XYZ product or service is it possible to know ahead of time that ABC customers will responds to it, perceive value or benefits and take action to buy it? The same goes for other areas such as investments. If I know ABC causes then I would know XYZ effects ahead of time.
Mark Cuban said the number one reason he is successful is because he can "look around the corner".
What do you guys think? How do you approach this question when it comes to your start ups or investments? Can you know something ahead of time? Food for thought. Thoughts? Comments? 😀
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