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Strength of correlation (R squared): 0.904 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Other professional, scientific and technical services |
Economy > Personal income |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Other professional, scientific and technical services, Compensation of Employees (current dollars) Compensation of Employees is a statisical term which refers to the total gross (pre-tax) wages paid by employers to employeesfor work done in an accounting period, such as a quarter or a year. It represents roughly the total labor cost to an employer.
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Total personal income for third quarter 2005. |
| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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Bureau of Economic Analysis regional data, 2005 |
| Correlations: |
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