What are the pros and cons of causal modelling?

Answer 1

Causal modeling offers the advantage of identifying and quantifying relationships between variables, which can enhance understanding and prediction of outcomes. It helps in making informed decisions by revealing how changes in one variable affect another. However, the cons include the complexity of accurately establishing causal relationships, the potential for confounding variables, and the reliance on assumptions that may not hold true in all contexts. Additionally, causal models can be sensitive to data quality and may require extensive data collection and analysis.