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Strength of correlation (R squared): 0.917 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Nominal GSP > Other professional, scientific and technical services |
Economy > Personal income |
| Plot Display: |
Linear |
Linear |
| Definition: |
Other professional, scientific and technical services, 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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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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