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Strength of correlation (R squared): 0.492 (this correlation is weak)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Real GSP > Forestry, fishing, and related activities |
Industry > Wood product manufacturing > Total value of shipments |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Forestry, fishing, and related activities, Real GSP (chained 2000 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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Includes the received or receivable net selling values, “Free on Board� (FOB) plant (exclusive of freight and taxes), of all products shipped, both primary and secondary, as well as all miscellaneous receipts, such as receipts for contract work performed for others, installation and repair, sales of scrap, and sales of products bought and sold without further processing. Included are all items made by or for the establishments from material owned by it, whether sold, transferred to other plants of the same company, or shipped on consignment. The net selling value of products made in one plant on a contract basis from materials owned by another is reported by the plant providing the materials.
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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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