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Strength of correlation (R squared): 0.831 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Industry > Food manufacturing > Value added |
Economy > GSP > Gross Operating Surplus > Truck transportation |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
This measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories.
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Truck transportation, Gross Operating Surplus (current dollars)
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| Source: |
Annual Survey of Manufactures, 2004
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U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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| Correlations: |
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