Hey Everyone,
I am trying to determine causality between two data sets. I don't think that correlation is the best tool due to the nature of the data. I am looking for some help on what tool(s) will best accomplish my task.
My first data set is a cost where the values can be positive or negative. My second data set is a range of values that are always positive and fall within a range, say 2000-12000. The data sets are paired together in a time series. For example: the price was $20.50 and corresponding value was 5000.
What I would like to determine is when a price is extremely higher or lower, does it fall into a particular range indicating that price activity is from higher or lower values in the second data set. Thanks for the help and please let me know if I need to clarify anything.
I am trying to determine causality between two data sets. I don't think that correlation is the best tool due to the nature of the data. I am looking for some help on what tool(s) will best accomplish my task.
My first data set is a cost where the values can be positive or negative. My second data set is a range of values that are always positive and fall within a range, say 2000-12000. The data sets are paired together in a time series. For example: the price was $20.50 and corresponding value was 5000.
What I would like to determine is when a price is extremely higher or lower, does it fall into a particular range indicating that price activity is from higher or lower values in the second data set. Thanks for the help and please let me know if I need to clarify anything.