Advantages:
An advantage of the correlation method is that we can make predictions about things when we know about correlations. If two variables are correlated, we can predict one based on the other.
For example, we know that SAT scores and college achievement are positively correlated. So when college admission officials want to predict who is likely to succeed at their schools, they will choose students with high SAT scores.
Disadvantage:
Correlation does not equal causation (Learn that phrase!).
For example, we know that education and income are positively correlated. We do not know if one caused the other. It might be that having more education causes a person to earn a higher income. It might be that having a higher income allows a person to go to school more. It might also be some third variable.
A correlation tells us that the two variables are related, but we cannot say anything about whether one caused the other. This method does not allow us to come to any conclusions about cause and effect.
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