While there are a few instances in the business world where one will observe experimental data, understanding the scientific method is critical because:
A) it's the benchmark for analysis in the "hard" sciences.
B) it's the gold standard for establishing causality.
C) it leads to larger treatment effects.
D) it is often cheaper to implement than observational studies.

Question

Quizplus · Accepted Answer

The scientific method is the gold standard for establishing causality, which is crucial in understanding cause-and-effect relationships in the business world.

While There Are a Few Instances in the Business World