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Strength of correlation (R squared): 0.171 (this correlation is weak)
Outliers:
Montana
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Chain-type Quantity Indexes > Petroleum and coal products manufacturing |
Energy > Renewable Hydroelectric Production (per $ GDP) |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Petroleum and coal products manufacturing, 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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Renewable Hydroelectric Production (BBtu). These numbers indicate the levels of renewable hydroelectric production. They do not include electricity produced through pumped storage, whereby energy is used to pump water up during off-peak hours of consumption and then is released during high-peak hours. Numbers are in billions of British Thermal Units.
Per $ GDP figures expressed per 1 billion $ gross domestic product. |
| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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National Priorities Project Database, 2001
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| Correlations: |
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