What does GIGO stand for?
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Garbage In Garbage Out: if your data is flawed, any conclusions you draw from it will be, too.
What does 'cum hoc ergo propter hoc' mean?
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It is Latin for "with this, therefore because of this," a logical fallacy which involves incorrectly inferring a causation from a correlation. You should always remember—correlation does not imply causation.
What is a lurking variable?
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One which doesn't appear in the plot of two other variables, but could have an effect on both. It is also sometimes referred to as a confounding variable.