Wp. Dunlap et al., THE SPURIOUS CORRELATION OF RATIOS THAT HAVE COMMON VARIABLES - A MONTE-CARLO EXAMINATION OF PEARSONS FORMULA, The Journal of general psychology, 124(2), 1997, pp. 182-193
Pearson (1897) investigated correlations of ratios of bone measurement
s and found that although the correlations among the original measures
were low, the correlations among ratios with common measures were abo
ut .5. To understand this result, he developed an approximate equation
for the correlations of ratios. In the present study, Monte Carlo met
hods were used to show that Pearson's equation is fairly accurate and
that correlations among ratios with common elements (e.g., X/C, Y/C) a
re indeed at least partly spurious, as Pearson concluded. This finding
should serve as a two-fold warning to those who might correlate ratio
s that have common elements: (a) Interpretation of the observed relati
onship between such ratios may at best be tenuous, and (b) the relatio
nships among the elements themselves may call into question the useful
ness of addressing a hypothesis that can be tested only with a correla
tion between ratios that share elements.