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Strength of correlation (R squared): 0.786 (this correlation is significant)
Outliers:
Michigan
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing |
Industry > Transportation equipment manufacturing > Total capital expenditures |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Motor vehicle, body, trailer, and parts manufacturing, Nominal GSP (current dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year.
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Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction.
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| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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Annual Survey of Manufactures, 2004
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| Correlations: |
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