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StateMaster - Correlations > Industry > Chemical manufacturing > Value added
 

Correlations > Industry Statistics > Chemical manufacturing > Value added


Showing latest available data.

Correlations between Industry > Chemical manufacturing > Value added ...

Variable Strength
...and  Industry > Chemical manufacturing > Total value of shipments 93% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Annual payroll 87% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total capital expenditures 85% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Chemical manufacturing 84% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers hours 83% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Production workers wages 81% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities 77% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities 77% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers (average per year) 76% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Chemical manufacturing 73% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Chemical manufacturing 73% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Number of employees 72% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 72% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 71% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 71% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Non-Instructional Expend.- Subtotal 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Hospitals and nursing and residential care facilities 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Legal services 71% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 71% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Utilities 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education 70% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Staff 70% [plot | correlate | graph]
...and  Health > Number of Births of Low Birthweight 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fourth Grade Students 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 70% [plot | correlate | graph]
...and  Health > Total Sales for Retail Rx Drugs 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Rental and leasing services and lessors of intangible assets 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Rental and leasing services and lessors of intangible assets 69% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 69% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Support Services Expenditure- Subtotal 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Rental and leasing services and lessors of intangible assets 69% [plot | correlate | graph]
...and  Health > Number of Births 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other services, except government 69% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 69% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 68% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Public Internet Terminals 68% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Wholesale trade 68% [plot | correlate | graph]
...and  Health > Chlamydia Cases 68% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade 68% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Second Grade Students 68% [plot | correlate | graph]
...and  Military > Cost of the Military 67% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 67% [plot | correlate | graph]
...and  Military > Iraq War Costs 67% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wholesale trade 67% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wholesale trade 67% [plot | correlate | graph]
Average: 72%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

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NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



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.

SOURCE: Annual Survey of Manufactures, 2004 via StateMaster

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