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Strength of correlation (R squared): 0.804 (this correlation is strong)
Outliers:
Texas
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X Axis |
Y Axis |
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| Variable: |
Industry > Petroleum & coal products manufacturing > Total cost of materials |
Economy > GSP > Gross Operating Surplus > Oil and gas extraction |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.
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Oil and gas extraction, 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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