![]() Modern dredging vessels and technologies can collect and transport large quantities of sand to improve and expand existing ports, and to build land reclamations, which form platforms for offshore airports, residential and commercial areas. Maritime Infrastructureĭredging is used to address a broad range of maritime infrastructure needs – with economic, social and environmental implications.ĭredging deepens ports and access channels to accommodate global waterborne freight transport of goods.ĭredging also excavates or ‘mines’ sand from far offshore and then transports these materials to onshore locations where they are used to replenish eroded beaches and rebuild coastlines for protection of low-lying areas. Sand excavated from the ocean is used for beach restoration and land reclamation. You have just fished for data.This includes both the excavation and removal of a variety of materials – sediment, sand, rock and debris – from waterways, such as harbours, ports, lakes and rivers, usually for the purpose of deepening or cleaning them. 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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