National Marine Dredging Company (The Group), one of the world’s leading Engineering, Procurement, Construction (EPC) and Marine Dredging groups headquartered in Abu Dhabi, has selected Oracle Fusion Cloud Applications Suite to enhance efficiency across various functions throughout its business operations.īy utilizing a wide range of applications for finance, supply chain, HR, and customer service, the Group will be able to simplify and integrate critical business processes across verticals, to optimise spending, generate more insightful data, and better support its growing workforce. Ahmed Salem Al Dhaheri, CEO of National Petroleum Construction Company (NPCC) with Rahul Misra, Vice President – Business Applications, Gulf and South Africa, Oracle You would like to show progress, so you decide to include them in your report to management. 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%. Of the 100, two show statistical significance: interest rates on boat loans in south Louisiana and household debt in north Ohio. You download a database from a government website and decide to run a series of automated regressions. Imagine that instead of choosing only four macroeconomic indicators, you chose 100. This could have gone another way…īUT wait! This could have gone another way. 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.
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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