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Correlations > Industry Statistics > Petroleum & coal products manufacturing > Total cost of materials

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Showing latest available data.

Correlations between Industry > Petroleum & coal products manufacturing > Total cost of materials ...

Variable Strength
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments 100% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages 96% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll 95% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added 93% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours 91% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees 89% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) 88% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total capital expenditures 85% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction 80% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per capita) 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per capita) 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Petroleum and coal products manufacturing 71% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added (per $ GDP) 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Support activities for mining 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining 69% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Support activities for mining 68% [plot | correlate | graph]
...and  Education > Elementary & Secondary > LEP/ELL Students 66% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Pipeline transportation 65% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per $ GDP) 64% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per $ GDP) 64% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing (per capita) 64% [plot | correlate | graph]
...and  Geography > Land area 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing 61% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- Hispanic 60% [plot | correlate | graph]
...and  Geography > Total area 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation (per capita) 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation (per capita) 57% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 57% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total cost of materials 57% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Management of companies and enterprises 56% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation 56% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing (per $ GDP) 56% [plot | correlate | graph]
...and  Military > Defense Contracts- Expenditures 55% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Production workers wages 55% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation 55% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing 54% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing 54% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Free Lunch Eligible 53% [plot | correlate | graph]
...and  People > Total Hispanic Population 53% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments (per $ GDP) 53% [plot | correlate | graph]
...and  Crime > State and Federal prisoners held in local jails 52% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction (per capita) 52% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction (per capita) 52% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total cost of materials 52% [plot | correlate | graph]
...and  Military > Department of Defense > Procurement and All Salaries 51% [plot | correlate | graph]
...and  Health > Total Hospitals 51% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption 51% [plot | correlate | graph]
Average: 66%

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: This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.

SOURCE: Annual Survey of Manufactures, 2004

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