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StateMaster - Correlations > Industry > Miscellaneous manufacturing > Total cost of materials
 

Correlations > Industry Statistics > Miscellaneous manufacturing > Total cost of materials


Showing latest available data.

Correlations between Industry > Miscellaneous manufacturing > Total cost of materials ...

Variable Strength
...and  Industry > Miscellaneous manufacturing > Total value of shipments 92% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers (average per year) 92% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Number of employees 91% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Miscellaneous manufacturing 88% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers hours 84% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll 83% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Value added 81% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities 80% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 80% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 80% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Insurance carriers and related activities 79% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Educational services 79% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Insurance carriers and related activities 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Insurance carriers and related activities 76% [plot | correlate | graph]
...and  Health > Total Nonfederal Physicians 76% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Doctors 76% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal 75% [plot | correlate | graph]
...and  Education > Public Libraries > ALA-MLS Librarians(FTE) 75% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 75% [plot | correlate | graph]
...and  Economy > Total tax burden 75% [plot | correlate | graph]
...and  Health > Total Dentists 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Management of companies and enterprises 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Management of companies and enterprises 74% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Printing and related support activities 74% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 74% [plot | correlate | graph]
...and  Health > Total Registered Nurses 73% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 73% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 73% [plot | correlate | graph]
...and  Health > Total Personal Health Spending, FY2000 73% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Four Year 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education 73% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Legal services 72% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 72% [plot | correlate | graph]
...and  Military > Cost of the Military 72% [plot | correlate | graph]
...and  Military > Iraq War Costs 72% [plot | correlate | graph]
...and  Health > Total Health Care Employment 72% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Nonresident Alien 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other professional, scientific and technical services 72% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 72% [plot | correlate | graph]
...and  Education > Public Libraries > Total Staff(FTE) 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Ambulatory health care services 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Social assistance 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Social assistance 71% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > First-Professional 71% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > White 71% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing 71% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing 71% [plot | correlate | graph]
Average: 76%

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.

VIEW FOR THIS VARIABLE:

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 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.

SOURCE: Annual Survey of Manufactures, 2004 via StateMaster

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