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Spurious correlation #3,123 · View random

A linear line chart with years as the X-axis and two variables on the Y-axis. The first variable is Annual US household spending on bakery products and the second variable is Nasdaq's stock price (NDAQ).  The chart goes from 2003 to 2022, and the two variables track closely in value over that time. Small Image
Download png
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AI explanation

As household spending on bakery products rises, more people experience carb-induced happiness, leading to an overall sense of contentment. This contentment somehow translates into confident investing behavior, causing an uptick in the stock price of Nasdaq. It's the yeast they can do to keep the market rising!

Model: dalle-3
Prompt: Generate an image inspired by the scene from Skyrim, where a bustling bakery is filled with families purchasing an abundance of bread and pastries. In a nearby stock exchange, traders are seen huddled together brainstorming with slices of toast in hand. As the bakery products swiftly vanish off the shelves, the Nasdaq stock price (NDAQ) chart on the big screen shows a noticeable surge upward, reflecting the traders' carb-induced brainstorming sessions translating into brilliant investment strategies. Capture the contrast between the cozy atmosphere of the bakery and the high-energy environment of the stock exchange. The depiction should include only scenes, people, and objects, it should not include text or speech bubbles.
This image generation prompt was also generated by AI, using the following sequence:

Model: gpt-3.5-turbo-1106
System prompt: You select one of a few potential scene descriptors that seems to go along with the variables described. You respond only with the scene descriptions provided and say nothing else.
User prompt: Here are two variables: Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Given these, which of the following image style descriptions seems most appropriate? Pick the one that seems to be related to one of the variables at hand. Please respond with only one of the following potential descriptions: Cybernetic art Cute 2D animation A scene from Skyrim Psychedelic inspired by bauhaus
ChatGPT: A scene from Skyrim

Model: gpt-3.5-turbo-1106
System prompt: You describe simple visual scenes that depict the two variables stated. You combine both variables into one scene.
User prompt: Please describe a visual scene that prominently depicts both Annual US household spending on bakery products and Nasdaq's stock price (NDAQ), in the following situation: As US households spent more on bakery products, the demand for bread and pastries skyrocketed, leading to a surge in carb-induced brainstorming sessions among Nasdaq traders, resulting in a wave of brilliant investment strategies and a subsequent rise in NDAQ stock price.. Keep the description simple.
ChatGPT: In a bustling bakery, families are seen purchasing an abundance of bread and pastries, while in a nearby stock exchange, traders are huddled together brainstorming with slices of toast in hand. As the bakery products swiftly vanish off the shelves, the Nasdaq stock price (NDAQ) chart on the big screen shows a noticeable surge upward, reflecting the traders' carb-induced brainstorming sessions translating into brilliant investment strategies.

Model: gpt-3.5-turbo-1106
System prompt: You write and improve image generation prompts for DALLE-3. You maintain the same subjects, but enhance the visuals.
User prompt: Please respond with an image generation prompt that would be likely to create an interesting visual using DALLE-3, using the following style: [ A scene from Skyrim ] and depicting this scene: In a bustling bakery, families are seen purchasing an abundance of bread and pastries, while in a nearby stock exchange, traders are huddled together brainstorming with slices of toast in hand. As the bakery products swiftly vanish off the shelves, the Nasdaq stock price (NDAQ) chart on the big screen shows a noticeable surge upward, reflecting the traders' carb-induced brainstorming sessions translating into brilliant investment strategies. Keep the visual depiction simple. Do not include any words or speech bubbles.
ChatGPT: Generate an image inspired by the scene from Skyrim, where a bustling bakery is filled with families purchasing an abundance of bread and pastries. In a nearby stock exchange, traders are seen huddled together brainstorming with slices of toast in hand. As the bakery products swiftly vanish off the shelves, the Nasdaq stock price (NDAQ) chart on the big screen shows a noticeable surge upward, reflecting the traders' carb-induced brainstorming sessions translating into brilliant investment strategies. Capture the contrast between the cozy atmosphere of the bakery and the high-energy environment of the stock exchange.

*Variations in the User Prompts from chart to chart are just the result of random number generation in Python. I wrote a few arrays of various styles and methods to ask questions to change up the results. Every time this site writes an explanation or generates an image, the script picks from each at random.

I sequence the requests into multiple prompts because I find GPT 3.5 to perform much better with short, well-managed contexts. Thus, I track the context directly in Python and only ask ChatGPT targeted questions.

Model: gpt-3.5-turbo-1106 (fine-tuned)
System prompt: You provide humorous responses in the form of plausible sounding explanations for correlations. You assume the correlation is causative for the purpose of the explanation even if it is ridiculous. You do not chat with the user, you only reply with the causal connection explanation and nothing else.
User prompt: Please make up a funny explanation for how an increase in Annual US household spending on bakery products caused Nasdaq's stock price (NDAQ) to increase.

AI academic paper

(Because p < 0.01)
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

The Journal of Yeast Economics

Jan 2024

Reminder: This paper is AI-generated. Not real!
Quick note: This sequence is long and repetitive. That's how the prompt engineering works for this one. I manage the output in Python to format it into this PDF.




Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You write titles and abstracts of goofy academic research papers.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, and add unexpected twists in your writing.

Please draft the title and abstract of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Rhyme words in the title.

Your research team used data from Bureau of Labor Statistics and LSEG Analytics (Refinitiv) to assess this nagging question. You found a correlation coefficient of 0.9348359 and p < 0.01 for 2003 to 2022.

Please respond in this format (replace "Lorem ipsum dolor sit" with your title and abstract)

[[TITLE]]
Lorem ipsum dolor sit

[[ABSTRACT]]
Lorem ipsum dolor sit



ChatGPT:
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft the introduction section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the introduction section of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Here is the title and abstract of the paper:
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

-------

Your response should start like this:

[[INTRODUCTION]]



ChatGPT:
[[INTRODUCTION]]

Hold onto your buns and brace yourselves for a fascinating journey into the world of financial confectionery! In this paper, we delve into the deliciously unexpected relationship between annual US household spending on bakery products and the stock price of Nasdaq (NDAQ). While this pairing may seem as unlikely as a low-carb croissant, our analysis uncovers an intriguing correlation that will knead your curiosity.

In recent years, the economic landscape has witnessed a rise in the consumption of bakery products, from bagels to brioche, and the Nasdaq stock market has been soaring to new heights. But could there be a doughy connection between these seemingly unrelated phenomena? Our research aims to sift through the flour and dough to separate the wheat from the chaff and shed light on this tantalizing correlation.

By crunching the numbers and examining a heaping helping of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we have embarked on a journey that has proven to be more thrilling than a baker's dozen of fresh-out-of-the-oven cinnamon rolls. Our findings have risen faster than a perfectly proofed batch of sourdough, revealing a correlation coefficient that's so strong, it might just have yeast-envy.

So, grab a latte and a pastry of your choice, and join us as we unravel this doughy mystery and explore the intriguing relationship between household spending on bakery products and Nasdaq's stock price. As we embark on this adventure, let's remember that in the world of finance, much like in the world of baking, sometimes the best things happen when we least expect them. Let's get ready to crumble some assumptions and roll out the dough of knowledge!


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft a literature review section of an academic research paper, that starts out dry for the first few sentences but then becomes hilarious and goofy.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up a literature review section of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Speak in the present tense for this section (the authors find...), as is common in academic research paper literature reviews. Name the sources in a format similar to this: In "Book," the authors find lorem and ipsum.

Make up the lorem and ipsum part, but make it sound related to the topic at hand.

Start by naming serious-sounding studies by authors like Smith, Doe, and Jones - but then quickly devolve. Name some real non-fiction books that would be related to the topic. Then name some real fiction books that sound like they could be related. Then you might move on to cartoons and children's shows that you watched for research.

Here is the title and abstract of the paper:
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

-------

And here is the introduction section that led to this literature review:
[[INTRODUCTION]]
Hold onto your buns and brace yourselves for a fascinating journey into the world of financial confectionery! In this paper, we delve into the deliciously unexpected relationship between annual US household spending on bakery products and the stock price of Nasdaq (NDAQ). While this pairing may seem as unlikely as a low-carb croissant, our analysis uncovers an intriguing correlation that will knead your curiosity.
In recent years, the economic landscape has witnessed a rise in the consumption of bakery products, from bagels to brioche, and the Nasdaq stock market has been soaring to new heights. But could there be a doughy connection between these seemingly unrelated phenomena? Our research aims to sift through the flour and dough to separate the wheat from the chaff and shed light on this tantalizing correlation.
By crunching the numbers and examining a heaping helping of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we have embarked on a journey that has proven to be more thrilling than a baker's dozen of fresh-out-of-the-oven cinnamon rolls. Our findings have risen faster than a perfectly proofed batch of sourdough, revealing a correlation coefficient that's so strong, it might just have yeast-envy.
So, grab a latte and a pastry of your choice, and join us as we unravel this doughy mystery and explore the intriguing relationship between household spending on bakery products and Nasdaq's stock price. As we embark on this adventure, let's remember that in the world of finance, much like in the world of baking, sometimes the best things happen when we least expect them. Let's get ready to crumble some assumptions and roll out the dough of knowledge!

-------

Your response should start like this:

[[LITERATURE REVIEW]]



ChatGPT:
[[LITERATURE REVIEW]]

The existing literature on the correlation between household spending on bakery products and stock prices has been as diverse as the assortment in a well-stocked patisserie. Smith (2015) delves into the intricacies of consumer behavior and its impact on the broader economy, shedding light on how purchasing patterns for croissants and baguettes can have far-reaching implications on financial markets. Meanwhile, Doe (2018) takes a more statistical approach, analyzing data from the Bureau of Labor Statistics to uncover potential associations between pastry preferences and stock performance. Jones (2020) adds a layer of complexity by examining the psychological factors that drive consumers to splurge on éclairs and éclat on their financial decisions.

In "Doughnuts, Dollars, and Data: A Baker's Dozen of Economic Insights," the authors uncover a surprising relationship between the consumption of doughnuts and the performance of technology stocks, hinting at a potential link to Nasdaq's fluctuations. On the more savory side, "Bagels, Bonds, and Baking: An Unlikely Recipe for Financial Success" explores how the aroma of freshly baked bagels may influence investor sentiment and stock market dynamics.

Turning to the realm of fiction, "Rising Dough: A Tale of Two Markets" provides a whimsical account of a speculative bubble in the pastry industry and its ripple effects on stock prices, while "The Yeast and the Restless: A Financial Fable" spins a yarn about a rebellious baguette who defies the laws of supply and demand.

In our quest for understanding, we didn't shy away from seeking wisdom from unexpected sources. Cartoons such as "The Great Bake-Off" and children's shows like "The Magic Rolling Pin" also provided valuable insights into the cultural significance of baked goods and their potential impact on investor behavior.

As we venture further into the doughy depths of this research, it's essential to approach the topic with a fresh pair of eyes, much like a perfectly proofed batch of sourdough waiting to rise to its full potential. With humor as light as a soufflé and puns as cheesy as a quiche, let's knead our way through this literature and rise to the challenge of uncovering the toast-worthy relationship between household spending on bakery products and Nasdaq's stock price. After all, in the world of research, as in the world of baking, even the most unexpected ingredients can yield the most delectable discoveries. Let's butter up our minds and prepare for a crusty, yet enlightening, journey ahead!


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft the methodology section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the methodology section of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Your research team collected data from all across the internet, but mostly just used information from Bureau of Labor Statistics and LSEG Analytics (Refinitiv) . You used data from 2003 to 2022

Make up the research methods you don't know. Make them a bit goofy and convoluted.

Here is the title, abstract, and introduction of the paper:
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

[[INTRODUCTION]]
Hold onto your buns and brace yourselves for a fascinating journey into the world of financial confectionery! In this paper, we delve into the deliciously unexpected relationship between annual US household spending on bakery products and the stock price of Nasdaq (NDAQ). While this pairing may seem as unlikely as a low-carb croissant, our analysis uncovers an intriguing correlation that will knead your curiosity.
In recent years, the economic landscape has witnessed a rise in the consumption of bakery products, from bagels to brioche, and the Nasdaq stock market has been soaring to new heights. But could there be a doughy connection between these seemingly unrelated phenomena? Our research aims to sift through the flour and dough to separate the wheat from the chaff and shed light on this tantalizing correlation.
By crunching the numbers and examining a heaping helping of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we have embarked on a journey that has proven to be more thrilling than a baker's dozen of fresh-out-of-the-oven cinnamon rolls. Our findings have risen faster than a perfectly proofed batch of sourdough, revealing a correlation coefficient that's so strong, it might just have yeast-envy.
So, grab a latte and a pastry of your choice, and join us as we unravel this doughy mystery and explore the intriguing relationship between household spending on bakery products and Nasdaq's stock price. As we embark on this adventure, let's remember that in the world of finance, much like in the world of baking, sometimes the best things happen when we least expect them. Let's get ready to crumble some assumptions and roll out the dough of knowledge!

-------

Your response should start like this:

[[METHODOLOGY]]



ChatGPT:

[[METHODOLOGY]]

In order to knead out the truth from the data, our research team utilized a delightful mix of quantitative methods and statistical analysis techniques to investigate the correlation between annual US household spending on bakery products and the stock prices of Nasdaq (NDAQ). Our approach was inspired by the precision of a master baker crafting the perfect loaf, and the whimsy of the market's unpredictable rises and falls.

First and foremost, we gathered an extensive dataset spanning from 2003 to 2022, sourced from the Bureau of Labor Statistics and the savory offerings of LSEG Analytics (Refinitiv). This data was as carefully selected as a connoisseur choosing the finest ingredients for a decadent pastry, ensuring that each morsel was ripe for analysis.

To whisk our data into shape, we employed sophisticated statistical software, employing the same level of precision as sifting flour to achieve the perfect consistency. We conducted a rigorous analysis, combining simple linear regression, autoregressive integrated moving average (ARIMA) models, and other time series analysis techniques. This allowed us to carefully fold in the data and see how it rose - or fell - in relation to each other.

Additionally, we utilized advanced econometric methods to control for potential confounding variables, ensuring that our analysis was not soured by extraneous factors. Our approach was as thorough as an artisan baker meticulously proofing dough, ensuring that our findings would be as satisfying as the first bite of a freshly baked pastry.

Furthermore, we also engaged in a series of sensitivity analyses, akin to adjusting oven temperature and bake time, to test the robustness of our results. This allowed us to ensure that our findings were not merely a half-baked coincidence.

Lastly, we integrated a flavor of qualitative analysis by consulting with industry experts and economists to gain a deeper understanding of the contextual factors that could influence our findings. This added layer of insight was as delightful as discovering a hidden filling in a pastry, adding nuance to our understanding of the doughy correlation between household spending on bakery products and Nasdaq's stock price.

In summary, our methodology was as refined as a meticulously crafted pastry recipe, blending precision and artistry to ensure that our exploration of this doughy mystery was as comprehensive and flavorful as a perfectly baked loaf.


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft the results section of an academic research paper. You speak in the past tense (you found...).
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the results section of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Your research team collected data from all across the internet, but mostly just used information from Bureau of Labor Statistics and LSEG Analytics (Refinitiv) .

For the time period 2003 to 2022, you found a correlation 0.9348359, r-squared of 0.8739182, and p < 0.01.

One figure will be included. The figure (Fig. 1) is a scatterplot showing the strong correlation between the two variables. You don't need to specify where; I will add the figure.

Here is the title and abstract of the paper:
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

-------

And here is the methodology section that led to this result:
[[METHODOLOGY]]
Hold onto your buns and brace yourselves for a fascinating journey into the world of financial confectionery! In this paper, we delve into the deliciously unexpected relationship between annual US household spending on bakery products and the stock price of Nasdaq (NDAQ). While this pairing may seem as unlikely as a low-carb croissant, our analysis uncovers an intriguing correlation that will knead your curiosity.
In recent years, the economic landscape has witnessed a rise in the consumption of bakery products, from bagels to brioche, and the Nasdaq stock market has been soaring to new heights. But could there be a doughy connection between these seemingly unrelated phenomena? Our research aims to sift through the flour and dough to separate the wheat from the chaff and shed light on this tantalizing correlation.
By crunching the numbers and examining a heaping helping of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we have embarked on a journey that has proven to be more thrilling than a baker's dozen of fresh-out-of-the-oven cinnamon rolls. Our findings have risen faster than a perfectly proofed batch of sourdough, revealing a correlation coefficient that's so strong, it might just have yeast-envy.
So, grab a latte and a pastry of your choice, and join us as we unravel this doughy mystery and explore the intriguing relationship between household spending on bakery products and Nasdaq's stock price. As we embark on this adventure, let's remember that in the world of finance, much like in the world of baking, sometimes the best things happen when we least expect them. Let's get ready to crumble some assumptions and roll out the dough of knowledge!

-------

Your response should start like this:

[[RESULTS]]



ChatGPT:

[[RESULTS]]

The results of our study have risen like a perfectly baked soufflé, leaving us in a state of awe. Our analysis, spanning from 2003 to 2022, revealed a dizzying correlation coefficient of 0.9348359 between annual US household spending on bakery products and Nasdaq's stock price (NDAQ). This coefficient is so strong, it's as if the financial markets and the aroma of freshly-baked pastries are dancing in perfect synchrony.

Further validating the robustness of this correlation, we found an r-squared value of 0.8739182. This high r-squared value suggests that a substantial proportion of the variability in Nasdaq's stock price can be explained by the annual household spending on bakery products. Put simply, it's as though the market's fluctuations are as predictable as the rising of a well-kneaded dough.

In statistical terms, the p-value for this relationship was found to be less than 0.01. This means that the likelihood of observing such a strong correlation purely by chance is as rare as finding a unicorn in a baker's kitchen.

To visually illustrate the magnitude of this correlation, we present Figure 1, a scatterplot that paints a clear picture of the tight relationship between the two variables. The plotted data points resemble a perfectly scored loaf of bread, with not a crumb out of place.

In conclusion, our findings reveal a compelling link between household spending on bakery products and Nasdaq's stock price. This unexpected relationship may give new meaning to the term "dough management" in the financial world and prompts us to view stock market trends through a flaky, buttery lens.

With these results, it's clear that when it comes to the financial markets, the dough will always rise to the occasion, no matter the economic crust.


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft the discussion section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the discussion section of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Limit your response to 500 tokens.

Here are the title, abstract, literature review, and results sections. Please harken back to 1-2 of the goofy items in the literature review, but pretend to take them completely seriously. Discuss how your results supported the prior research.

Do not write a conclusion. I will add a conclusion after this.

[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

[[LITERATURE REVIEW]]
The existing literature on the correlation between household spending on bakery products and stock prices has been as diverse as the assortment in a well-stocked patisserie. Smith (2015) delves into the intricacies of consumer behavior and its impact on the broader economy, shedding light on how purchasing patterns for croissants and baguettes can have far-reaching implications on financial markets. Meanwhile, Doe (2018) takes a more statistical approach, analyzing data from the Bureau of Labor Statistics to uncover potential associations between pastry preferences and stock performance. Jones (2020) adds a layer of complexity by examining the psychological factors that drive consumers to splurge on éclairs and éclat on their financial decisions.
In "Doughnuts, Dollars, and Data: A Baker's Dozen of Economic Insights," the authors uncover a surprising relationship between the consumption of doughnuts and the performance of technology stocks, hinting at a potential link to Nasdaq's fluctuations. On the more savory side, "Bagels, Bonds, and Baking: An Unlikely Recipe for Financial Success" explores how the aroma of freshly baked bagels may influence investor sentiment and stock market dynamics.
Turning to the realm of fiction, "Rising Dough: A Tale of Two Markets" provides a whimsical account of a speculative bubble in the pastry industry and its ripple effects on stock prices, while "The Yeast and the Restless: A Financial Fable" spins a yarn about a rebellious baguette who defies the laws of supply and demand.
In our quest for understanding, we didn't shy away from seeking wisdom from unexpected sources. Cartoons such as "The Great Bake-Off" and children's shows like "The Magic Rolling Pin" also provided valuable insights into the cultural significance of baked goods and their potential impact on investor behavior.
As we venture further into the doughy depths of this research, it's essential to approach the topic with a fresh pair of eyes, much like a perfectly proofed batch of sourdough waiting to rise to its full potential. With humor as light as a soufflé and puns as cheesy as a quiche, let's knead our way through this literature and rise to the challenge of uncovering the toast-worthy relationship between household spending on bakery products and Nasdaq's stock price. After all, in the world of research, as in the world of baking, even the most unexpected ingredients can yield the most delectable discoveries. Let's butter up our minds and prepare for a crusty, yet enlightening, journey ahead!

[[RESULTS]]
The results of our study have risen like a perfectly baked soufflé, leaving us in a state of awe. Our analysis, spanning from 2003 to 2022, revealed a dizzying correlation coefficient of 0.9348359 between annual US household spending on bakery products and Nasdaq's stock price (NDAQ). This coefficient is so strong, it's as if the financial markets and the aroma of freshly-baked pastries are dancing in perfect synchrony.
Further validating the robustness of this correlation, we found an r-squared value of 0.8739182. This high r-squared value suggests that a substantial proportion of the variability in Nasdaq's stock price can be explained by the annual household spending on bakery products. Put simply, it's as though the market's fluctuations are as predictable as the rising of a well-kneaded dough.
In statistical terms, the p-value for this relationship was found to be less than 0.01. This means that the likelihood of observing such a strong correlation purely by chance is as rare as finding a unicorn in a baker's kitchen.
To visually illustrate the magnitude of this correlation, we present Figure 1, a scatterplot that paints a clear picture of the tight relationship between the two variables. The plotted data points resemble a perfectly scored loaf of bread, with not a crumb out of place.
In conclusion, our findings reveal a compelling link between household spending on bakery products and Nasdaq's stock price. This unexpected relationship may give new meaning to the term "dough management" in the financial world and prompts us to view stock market trends through a flaky, buttery lens.
With these results, it's clear that when it comes to the financial markets, the dough will always rise to the occasion, no matter the economic crust.

-------

Your response should start like this:

[[DISCUSSION]]



ChatGPT:

[[DISCUSSION]]

Our findings have truly opened a Pandora's bakery of possibilities. The dough-lightful correlation between annual US household spending on bakery products and Nasdaq's stock price (NDAQ) has left us in a state of awe. But let's not loaf around – it's time to break bread and digest these floury findings with a pinch of salt!

Taking a leaf out of Smith's (2015) book on consumer behavior, our results support the notion that pastry preferences can impact financial markets. Much like how a perfectly executed croissant can elevate one's morning, it appears that bakery spending can elevate Nasdaq's stock price. And as Doe (2018) so statistically discerned, our robust correlation coefficient provides further credence to the idea that pastry choices and stock performance are more intertwined than a tightly braided loaf of challah.

Jones (2020) delved into the psychological factors driving consumers to indulge in éclairs and éclat on their financial decisions. In a twist as surprising as finding an extra chocolate chip in a cookie, our study aligns with Jones' insights by suggesting that these indulgences may have wider implications on the stock market.

But here's where things get really crusty - remember the whimsical account of a speculative bubble in the pastry industry and its ripple effects on stock prices in "Rising Dough: A Tale of Two Markets"? Our results provide a meat, er, yeasty support for this narrative. It seems that the aroma of freshly baked goodies may indeed influence investor sentiment and stock market dynamics, as hinted in "Bagels, Bonds, and Baking."

The statistical significance of our findings is rarer than a perfectly executed soufflé, with a p-value as elusive as a unicorn in a baker's kitchen. This suggests that the likelihood of observing such a strong correlation purely by chance is as rare as finding a diamond-encrusted cronut.

In summary, our study has uncovered a crumb-believable link between household spending on bakery products and Nasdaq's stock price. It's clear that in the world of economics, as in the world of baking, even the most unexpected ingredients can yield the most delectable discoveries. So, let's raise a baker's dozen to a new era of financial analysis – where the dough rises and the stocks follow suit!


Model: gpt-3.5-turbo-1106
System prompt: You are a researcher writing an academic paper.You draft the discussion section of goofy academic research papers that sounds like it belongs based on the title and abstract provided.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up a short conclusion of an academic research paper presenting the findings of the connection between Annual US household spending on bakery products and Nasdaq's stock price (NDAQ). Make lots of jokes, goofy observations, and puns.

Limit your response to 300 tokens. At the very end, assert that no more research is needed in this area.

Here are the title, abstract, introduction, and results sections.
[[TITLE]]
Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices

[[ABSTRACT]]
Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

[[INTRDUCTION]]
Hold onto your buns and brace yourselves for a fascinating journey into the world of financial confectionery! In this paper, we delve into the deliciously unexpected relationship between annual US household spending on bakery products and the stock price of Nasdaq (NDAQ). While this pairing may seem as unlikely as a low-carb croissant, our analysis uncovers an intriguing correlation that will knead your curiosity.
In recent years, the economic landscape has witnessed a rise in the consumption of bakery products, from bagels to brioche, and the Nasdaq stock market has been soaring to new heights. But could there be a doughy connection between these seemingly unrelated phenomena? Our research aims to sift through the flour and dough to separate the wheat from the chaff and shed light on this tantalizing correlation.
By crunching the numbers and examining a heaping helping of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we have embarked on a journey that has proven to be more thrilling than a baker's dozen of fresh-out-of-the-oven cinnamon rolls. Our findings have risen faster than a perfectly proofed batch of sourdough, revealing a correlation coefficient that's so strong, it might just have yeast-envy.
So, grab a latte and a pastry of your choice, and join us as we unravel this doughy mystery and explore the intriguing relationship between household spending on bakery products and Nasdaq's stock price. As we embark on this adventure, let's remember that in the world of finance, much like in the world of baking, sometimes the best things happen when we least expect them. Let's get ready to crumble some assumptions and roll out the dough of knowledge!

[[RESULTS]]
The results of our study have risen like a perfectly baked soufflé, leaving us in a state of awe. Our analysis, spanning from 2003 to 2022, revealed a dizzying correlation coefficient of 0.9348359 between annual US household spending on bakery products and Nasdaq's stock price (NDAQ). This coefficient is so strong, it's as if the financial markets and the aroma of freshly-baked pastries are dancing in perfect synchrony.
Further validating the robustness of this correlation, we found an r-squared value of 0.8739182. This high r-squared value suggests that a substantial proportion of the variability in Nasdaq's stock price can be explained by the annual household spending on bakery products. Put simply, it's as though the market's fluctuations are as predictable as the rising of a well-kneaded dough.
In statistical terms, the p-value for this relationship was found to be less than 0.01. This means that the likelihood of observing such a strong correlation purely by chance is as rare as finding a unicorn in a baker's kitchen.
To visually illustrate the magnitude of this correlation, we present Figure 1, a scatterplot that paints a clear picture of the tight relationship between the two variables. The plotted data points resemble a perfectly scored loaf of bread, with not a crumb out of place.
In conclusion, our findings reveal a compelling link between household spending on bakery products and Nasdaq's stock price. This unexpected relationship may give new meaning to the term "dough management" in the financial world and prompts us to view stock market trends through a flaky, buttery lens.
With these results, it's clear that when it comes to the financial markets, the dough will always rise to the occasion, no matter the economic crust.

-------

Your response should start like this:

[[CONCLUSION]]



ChatGPT:

[[CONCLUSION]]
In conclusion, our study has truly taken the cake in uncovering the surprising correlation between annual US household spending on bakery products and Nasdaq's stock price. The correlation coefficient of 0.9348359 has left us more gobsmacked than if we found a croissant-shaped cloud in the sky. This strong relationship suggests that the market's fluctuations mirror the ebb and flow of a perfectly kneaded bread dough.

Furthermore, the high r-squared value of 0.8739182 indicates that a significant proportion of Nasdaq's stock price variability can be explained by the amount spent on baked goods. It's as though the market's volatility is as predictable as the expiration date on a bag of flour.

The p-value of less than 0.01 adds a cherry on top of this scrumptious statistical sundae, indicating that the likelihood of such a robust correlation occurring by chance is rarer than finding a golden ticket in a loaf of bread.

Our findings not only highlight the serious impact of baked goods on the stock market but also provoke important questions about the dough-ynamics of the financial world. This study suggests that perhaps the key to successful investment lies not only in portfolio management but also in pastry management.

As we close the oven door on this delectable research, it's safe to say that no more research is kneaded in this area. Our work here is truly the upper crust of financial analysis, and it's time to let these findings marinate like a well-risen dough. Whisk away, fellow researchers, for the correlation between bread and stocks has been well and truly buttered up!


Model: gpt-3.5-turbo-1106
System prompt: You provide fictional names of academic journals. You say nothing else, and you do not chat with the user.
User prompt: Please provide the name of a funny but plausible sounding research, scientific, or academic journal that would publish a paper entited Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices. Respond only with the name of a fictional academic journal.

ChatGPT:

The Journal of Yeast Economics


Model: gpt-3.5-turbo-1106
System prompt: You provide fictional names of nonprofit research organizations and associations. You say nothing else, and you do not chat with the user.
User prompt: Please provide the name of a funny but plausible sounding nonprofit, academic, or scientific association or organization that would sponsor research that resulted in a paper entited Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices. Respond only with the name of a fictional organization.

ChatGPT:

The Institute for the Study of Economically Sliced Bread (ISEB)


Model: gpt-3.5-turbo-1106
System prompt: You provide potential search keywords separated by commas. You say nothing else, and you do not chat with the user.
User prompt: Please provide potential search keywords for a paper titled Dough and Nasdaq: A Bready Analysis of Household Spending and Stock Prices with an abstract of Our study delves into the yeast-explored realm of household spending on bakery products and its possible correlation with Nasdaq's stock price. Using a dough-load of data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we baked up a statistical storm from 2003 to 2022. Remarkably, we uncovered a correlation coefficient of 0.9348359, proving that there may be more to this bread and stock connection than meets the crust. The findings are truly raising eyebrows and dough alike, leaving us in a bind to rise to the occasion. So, let's break bread and digest these floury findings with a pinch of salt!

ChatGPT:

household spending, bakery products, stock prices, Nasdaq, correlation, statistical analysis, bread consumption, Bureau of Labor Statistics, LSEG Analytics, Refinitiv, correlation coefficient, financial analysis, consumer behavior, stock market trends

*There is a bunch of Python happening behind the scenes to turn this prompt sequence into a PDF.



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Data details

Annual US household spending on bakery products
Detailed data title: Average annual household spend on bakery products
Source: Bureau of Labor Statistics
See what else correlates with Annual US household spending on bakery products

Nasdaq's stock price (NDAQ)
Detailed data title: Opening price of Nasdaq (NDAQ) on the first trading day of the year
Source: LSEG Analytics (Refinitiv)
Additional Info: Via Microsoft Excel Stockhistory function

See what else correlates with Nasdaq's stock price (NDAQ)

Correlation r = 0.9348359 (Pearson correlation coefficient)
Correlation is a measure of how much the variables move together. If it is 0.99, when one goes up the other goes up. If it is 0.02, the connection is very weak or non-existent. If it is -0.99, then when one goes up the other goes down. If it is 1.00, you probably messed up your correlation function.

r2 = 0.8739182 (Coefficient of determination)
This means 87.4% of the change in the one variable (i.e., Nasdaq's stock price (NDAQ)) is predictable based on the change in the other (i.e., Annual US household spending on bakery products) over the 20 years from 2003 through 2022.

p < 0.01, which is statistically significant(Null hypothesis significance test)
The p-value is 1.6E-9. 0.0000000015860879403705840000
The p-value is a measure of how probable it is that we would randomly find a result this extreme. More specifically the p-value is a measure of how probable it is that we would randomly find a result this extreme if we had only tested one pair of variables one time.

But I am a p-villain. I absolutely did not test only one pair of variables one time. I correlated hundreds of millions of pairs of variables. I threw boatloads of data into an industrial-sized blender to find this correlation.

Who is going to stop me? p-value reporting doesn't require me to report how many calculations I had to go through in order to find a low p-value!
On average, you will find a correaltion as strong as 0.93 in 1.6E-7% of random cases. Said differently, if you correlated 630,482,065 random variables You don't actually need 630 million variables to find a correlation like this one. I don't have that many variables in my database. You can also correlate variables that are not independent. I do this a lot.

p-value calculations are useful for understanding the probability of a result happening by chance. They are most useful when used to highlight the risk of a fluke outcome. For example, if you calculate a p-value of 0.30, the risk that the result is a fluke is high. It is good to know that! But there are lots of ways to get a p-value of less than 0.01, as evidenced by this project.

In this particular case, the values are so extreme as to be meaningless. That's why no one reports p-values with specificity after they drop below 0.01.

Just to be clear: I'm being completely transparent about the calculations. There is no math trickery. This is just how statistics shakes out when you calculate hundreds of millions of random correlations.
with the same 19 degrees of freedom, Degrees of freedom is a measure of how many free components we are testing. In this case it is 19 because we have two variables measured over a period of 20 years. It's just the number of years minus ( the number of variables minus one ), which in this case simplifies to the number of years minus one.
you would randomly expect to find a correlation as strong as this one.

[ 0.84, 0.97 ] 95% correlation confidence interval (using the Fisher z-transformation)
The confidence interval is an estimate the range of the value of the correlation coefficient, using the correlation itself as an input. The values are meant to be the low and high end of the correlation coefficient with 95% confidence.

This one is a bit more complciated than the other calculations, but I include it because many people have been pushing for confidence intervals instead of p-value calculations (for example: NEJM. However, if you are dredging data, you can reliably find yourself in the 5%. That's my goal!


All values for the years included above: If I were being very sneaky, I could trim years from the beginning or end of the datasets to increase the correlation on some pairs of variables. I don't do that because there are already plenty of correlations in my database without monkeying with the years.

Still, sometimes one of the variables has more years of data available than the other. This page only shows the overlapping years. To see all the years, click on "See what else correlates with..." link above.
20032004200520062007200820092010201120122013201420152016201720182019202020212022
Annual US household spending on bakery products (Household spend)292307302304317337334337356356359343346353388392400428462497
Nasdaq's stock price (NDAQ) (Stock price)3.3433.511.9210.3816.68.166.6488.348.4713.316.0718.9722.4925.7226.8735.7544.5870.29




Why this works

  1. Data dredging: I have 25,153 variables in my database. I compare all these variables against each other to find ones that randomly match up. That's 632,673,409 correlation calculations! This is called “data dredging.” Instead of starting with a hypothesis and testing it, I instead abused the data to see what correlations shake out. It’s a dangerous way to go about analysis, because any sufficiently large dataset will yield strong correlations completely at random.
  2. Lack of causal connection: There is probably Because these pages are automatically generated, it's possible that the two variables you are viewing are in fact causually related. I take steps to prevent the obvious ones from showing on the site (I don't let data about the weather in one city correlate with the weather in a neighboring city, for example), but sometimes they still pop up. If they are related, cool! You found a loophole.
    no direct connection between these variables, despite what the AI says above. This is exacerbated by the fact that I used "Years" as the base variable. Lots of things happen in a year that are not related to each other! Most studies would use something like "one person" in stead of "one year" to be the "thing" studied.
  3. Observations not independent: For many variables, sequential years are not independent of each other. If a population of people is continuously doing something every day, there is no reason to think they would suddenly change how they are doing that thing on January 1. A simple Personally I don't find any p-value calculation to be 'simple,' but you know what I mean.
    p-value calculation does not take this into account, so mathematically it appears less probable than it really is.
  4. Y-axis doesn't start at zero: I truncated the Y-axes of the graph above. I also used a line graph, which makes the visual connection stand out more than it deserves. Nothing against line graphs. They are great at telling a story when you have linear data! But visually it is deceptive because the only data is at the points on the graph, not the lines on the graph. In between each point, the data could have been doing anything. Like going for a random walk by itself!
    Mathematically what I showed is true, but it is intentionally misleading. Below is the same chart but with both Y-axes starting at zero.




Try it yourself

You can calculate the values on this page on your own! Try running the Python code to see the calculation results. Step 1: Download and install Python on your computer.

Step 2: Open a plaintext editor like Notepad and paste the code below into it.

Step 3: Save the file as "calculate_correlation.py" in a place you will remember, like your desktop. Copy the file location to your clipboard. On Windows, you can right-click the file and click "Properties," and then copy what comes after "Location:" As an example, on my computer the location is "C:\Users\tyler\Desktop"

Step 4: Open a command line window. For example, by pressing start and typing "cmd" and them pressing enter.

Step 5: Install the required modules by typing "pip install numpy", then pressing enter, then typing "pip install scipy", then pressing enter.

Step 6: Navigate to the location where you saved the Python file by using the "cd" command. For example, I would type "cd C:\Users\tyler\Desktop" and push enter.

Step 7: Run the Python script by typing "python calculate_correlation.py"

If you run into any issues, I suggest asking ChatGPT to walk you through installing Python and running the code below on your system. Try this question:

"Walk me through installing Python on my computer to run a script that uses scipy and numpy. Go step-by-step and ask me to confirm before moving on. Start by asking me questions about my operating system so that you know how to proceed. Assume I want the simplest installation with the latest version of Python and that I do not currently have any of the necessary elements installed. Remember to only give me one step per response and confirm I have done it before proceeding."


# These modules make it easier to perform the calculation
import numpy as np
from scipy import stats

# We'll define a function that we can call to return the correlation calculations
def calculate_correlation(array1, array2):

    # Calculate Pearson correlation coefficient and p-value
    correlation, p_value = stats.pearsonr(array1, array2)

    # Calculate R-squared as the square of the correlation coefficient
    r_squared = correlation**2

    return correlation, r_squared, p_value

# These are the arrays for the variables shown on this page, but you can modify them to be any two sets of numbers
array_1 = np.array([292,307,302,304,317,337,334,337,356,356,359,343,346,353,388,392,400,428,462,497,])
array_2 = np.array([3.34,3,3.5,11.92,10.38,16.6,8.16,6.64,8,8.34,8.47,13.3,16.07,18.97,22.49,25.72,26.87,35.75,44.58,70.29,])
array_1_name = "Annual US household spending on bakery products"
array_2_name = "Nasdaq's stock price (NDAQ)"

# Perform the calculation
print(f"Calculating the correlation between {array_1_name} and {array_2_name}...")
correlation, r_squared, p_value = calculate_correlation(array_1, array_2)

# Print the results
print("Correlation Coefficient:", correlation)
print("R-squared:", r_squared)
print("P-value:", p_value)



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Correlation ID: 3123 · Black Variable ID: 19887 · Red Variable ID: 1869
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