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Correlations > Economy Statistics > GSP > Chain-type Quantity Indexes > Utilities

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Correlations between Economy > GSP > Chain-type Quantity Indexes > Utilities ...

Variable Strength
...and  Industry > Apparel manufacturing > Annual payroll (per capita) 29% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Production workers wages (per $ GDP) 25% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Annual payroll (per $ GDP) 23% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Production workers wages 23% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total capital expenditures 22% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Total value of shipments (per $ GDP) 22% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Production workers hours 21% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Total cost of materials (per $ GDP) 21% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Annual payroll 21% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments 20% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Primary metal manufacturing 20% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Production workers hours (per capita) 20% [plot | correlate | graph]
...and  Industry > Textile product mills > Value added 19% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Annual payroll (per capita) 19% [plot | correlate | graph]
...and  Industry > Beverage & tobacco product manufacturing > Annual payroll (per $ GDP) 18% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Value added 18% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Total cost of materials 18% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Total value of shipments 17% [plot | correlate | graph]
...and  Industry > Textile product mills > Total value of shipments 17% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Water transportation (per capita) (inverse) 15% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Water transportation (per capita) (inverse) 15% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Value added (per $ GDP) 14% [plot | correlate | graph]
...and  Industry > Apparel manufacturing > Total capital expenditures (per $ GDP) 14% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Waste management and remediation services (inverse) 14% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Educational services (per $ GDP) (inverse) 13% [plot | correlate | graph]
...and  Industry > Textile product mills > Annual payroll 13% [plot | correlate | graph]
...and  Industry > Textile product mills > Total cost of materials 13% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Educational services (per capita) (inverse) 13% [plot | correlate | graph]
...and  Industry > Textile product mills > Value added (per $ GDP) 13% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Food product manufacturing 12% [plot | correlate | graph]
...and  Labor > Textile product mills > Number of employees 12% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Transit and ground passenger transportation 12% [plot | correlate | graph]
...and  Military > Navy Recruits: Percent Female 11% [plot | correlate | graph]
...and  Education > Public Libraries > State Revenue (per $ GDP) (inverse) 11% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Number of employees 10% [plot | correlate | graph]
...and  Labor > Apparel manufacturing > Production workers (average per year) 10% [plot | correlate | graph]
Average: 17%

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.

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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: Utilities, 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.

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