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Correlations > Economy Statistics > GSP > Chain-type Quantity Indexes > Real estate

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Correlations between Economy > GSP > Chain-type Quantity Indexes > Real estate ...

Variable Strength
...and  Industry > Machinery manufacturing > Total capital expenditures (per $ GDP) (inverse) 41% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) (inverse) 39% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per capita) (inverse) 34% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Food services and drinking places 34% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per capita) (inverse) 34% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per capita) (inverse) 34% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (per $ GDP) (inverse) 34% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Central Libraries (inverse) 34% [plot | correlate | graph]
...and  Education > Public Libraries > Users of Electronic Resources (per capita) (inverse) 32% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per capita) (inverse) 32% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Social assistance 32% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (inverse) 32% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) (inverse) 32% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (inverse) 32% [plot | correlate | graph]
...and  Energy > Weatherization Assistance for Low-Income Persons- Expenditures (inverse) 31% [plot | correlate | graph]
...and  Education > Public Libraries > Video Materials per 1,000 Population (inverse) 31% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Insurance carriers and related activities (inverse) 29% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) (per capita) (inverse) 29% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials (inverse) 29% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments (inverse) 28% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments (per $ GDP) (inverse) 28% [plot | correlate | graph]
...and  Education > Public Libraries > Audio Materials per 1,000 Population (inverse) 28% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per $ GDP) (inverse) 28% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per $ GDP) (inverse) 28% [plot | correlate | graph]
...and  Crime > Arson deaths (inverse) 28% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (inverse) 27% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) (inverse) 27% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per $ GDP) (inverse) 27% [plot | correlate | graph]
...and  Health > Nursing Home Residents as % of 65+ Pop (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade (per capita) (inverse) 27% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per $ GDP) (inverse) 27% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures (inverse) 26% [plot | correlate | graph]
...and  People > Percent of the Native Population Born in their State of Residence (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Insurance carriers and related activities (per $ GDP) (inverse) 26% [plot | correlate | graph]
...and  People > Percent of People Who Lived in a Different State 1 Year Ago 26% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Federal civilian 25% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Other professional, scientific and technical services 25% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing (inverse) 25% [plot | correlate | graph]
...and  Education > Public Libraries > Library Visits per Capita (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade (per $ GDP) (inverse) 25% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials (per $ GDP) (inverse) 24% [plot | correlate | graph]
...and  Education > Public Libraries > Circulation of Children's Materials (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Insurance carriers and related activities (per capita) (inverse) 24% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Annual payroll (inverse) 23% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) 23% [plot | correlate | graph]
Average: 29%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

VIEW FOR THIS VARIABLE:

NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed


DEFINITION: Real estate, Chain-type Quantity Indexes (2000 = 100) A quantity index is an index number that measures the change in the level of a quantity from a base year, apart from anychanges in relative prices. The value of the quantity index is 100 for the base year.The Bureau of Economic Analysis uses chain-type annual-weighted indexes, also known as Fisher indexes, as its measure of realoutput and prices. These measures allow for the effects of changes in relative prices and in the composition of output overtime, thereby eliminating a major source of bias inherent in fixed-weight indexes.

SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.

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