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Spurious correlation #4,015 · 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 Parker-Hannifin's stock price (PH).  The chart goes from 2002 to 2022, and the two variables track closely in value over that time. Small Image
Download png
, svg

AI explanation

As household spending on bakery products rises, more people experience the joy of freshly baked goods. This leads to an increase in serotonin levels, causing a nation-wide surge in overall happiness. With people in a better mood, productivity levels in the US increase. This, in turn, positively impacts the manufacturing industry. Parker-Hannifin, being a part of this sector, sees a direct correlation between higher bakery product spending and their own stock price increase. Remember, a rise in dough spending can definitely knead its way into influencing the stock market yeast-erday!

Model: dalle-3
Prompt: Generate an image of a bustling bakery shop, with a cheerful family enjoying various bakery products at a table in the foreground. In the background, a graph shows the Parker-Hannifin stock price steadily rising alongside the bakery products spending. The family's energy levels are high, and the industrial district behind them is bustling with increased productivity. The visual should symbolize the positive impact of increased spending on both bakery products and Parker-Hannifin's stock price. The style of the image should be photorealistic, depicting vivid details and realistic textures for the bakery products, stock graph, and bustling surroundings. 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 Parker-Hannifin's stock price (PH). 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: Photorealism Psychedelic An image that looks like it is a scene from A Disney Movie Photorealism a funny image macro
ChatGPT: Photorealism

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 Parker-Hannifin's stock price (PH), in the following situation: Because as Americans spent more on bakery products, they became increasingly carb-happy, leading to a surge in energy levels. This newfound energy translated to increased industrial productivity, benefiting companies like Parker-Hannifin and boosting their stock prices.. Keep the description simple.
ChatGPT: In the scene, a cheerful family is seen enjoying various bakery products at a bustling bakery shop. In the background, a graph shows Parker-Hannifin's stock price (PH) steadily rising alongside the bakery products spending. The family's energy levels appear high, and the industrial district behind them is bustling with increased productivity, symbolizing the positive impact of the increased spending on both bakery products and Parker-Hannifin's stock price.

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: [ Photorealism ] and depicting this scene: In the scene, a cheerful family is seen enjoying various bakery products at a bustling bakery shop. In the background, a graph shows Parker-Hannifin's stock price (PH) steadily rising alongside the bakery products spending. The family's energy levels appear high, and the industrial district behind them is bustling with increased productivity, symbolizing the positive impact of the increased spending on both bakery products and Parker-Hannifin's stock price. Keep the visual depiction simple. Do not include any words or speech bubbles.
ChatGPT: Generate an image of a bustling bakery shop, with a cheerful family enjoying various bakery products at a table in the foreground. In the background, a graph shows the Parker-Hannifin stock price steadily rising alongside the bakery products spending. The family's energy levels are high, and the industrial district behind them is bustling with increased productivity. The visual should symbolize the positive impact of increased spending on both bakery products and Parker-Hannifin's stock price. The style of the image should be photorealistic, depicting vivid details and realistic textures for the bakery products, stock graph, and bustling surroundings.

*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 Parker-Hannifin's stock price (PH) to increase.\Make it sound serious until the end.

AI academic paper

(Because p < 0.01)
Dough-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price

The Journal of Culinary Economics and Finance

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 goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). Make lots of jokes, goofy observations, and puns.

Make the title punny if you can come up with clever pun. If not, just make it sound clever.

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 0.9606884 and p < 0.01 for 2002 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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!


Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). Make lots of jokes, goofy observations, and puns.

Here is the title and abstract of the paper:
[[TITLE]]
"Dough-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

-------

Your response should start like this:

[[INTRODUCTION]]



ChatGPT:
INTRODUCTION

The confluence of consumer behavior and stock market performance has long been a topic of great interest and scrutiny within the realms of economics and finance. However, in the midst of discussions revolving around traditional economic indicators and market dynamics, there exists a pastry-icularly intriguing relationship that has often been overlooked – the connection between annual US household spending on bakery products and Parker-Hannifin's stock price (PH).

This study seeks to shed light on this delightful, yet unexpectedly consequential, association. As we embark on this culinary excursion, it is essential to recognize the inherent levity of such an investigation. After all, one could argue that the stock market operates on a "yeast coast–west coast" dynamic, and what better way to embrace such diversity than by examining the dough-tails of consumer spending on bakery products?

So, with the aroma of freshly baked bread in the air, let us delve into the tantalizing world of baked goods and stock prices, as we aim to churn out insights that rise above the crust of conventional financial analysis. The stakes are high, but the buns are higher!

But why, you may ask, should we embark on such a yeast-expedition? For starters, bakery products are an integral part of the average household's consumption basket, bringing joy and sustenance to tables across the nation. Simultaneously, companies like Parker-Hannifin play a crucial role in the industrial sector, contributing to the broader tapestry of the stock market. Exploring the potential interconnectedness of these seemingly disparate elements holds promise for unearthing valuable insights into consumer behavior and market trends.

In the course of our study, we utilize data sourced from the Bureau of Labor Statistics to gain a kneaded understanding of annual US household spending on bakery products. Complementing this, we turn to LSEG Analytics (Refinitiv) to extract the yeast-relevant information on Parker-Hannifin's stock price. Through a rigorous analytical approach spanning from 2002 to 2022, we unravel the interplay between these variables, probing for correlations that may rye-val groundbreaking implications.

As we embark on this research journey, let us bear in mind the whimsical nature of this exploration and the grains of insight that may lie beneath the surface of floury statistics. After all, as the saying goes, "When life gives you lemons, make lemonade; but when life gives you dough, make bread – and perhaps some astute stock market predictions."

So, dear reader, prepare to have your preconceived notions baked, battered, and proved as we seek to uncover the complexities of consumer behavior and market performance in the most unlikely of places – the bakery aisle. As we rise to meet this challenge, with a sprinkle of curiosity and a dash of humor, let us uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. It's time to let the dough rise and see where this delectable journey leads us. Let's proceed with zest and yeast, because after all, the proof of the pudding is in the PH stock price!


Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). 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. Perhaps you also got inspiration from some board games that are vaugely related.

Here is the title and abstract of the paper:
[[TITLE]]
"Dough-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

-------

And here is the introduction section that led to this literature review:
[[INTRODUCTION]]
INTRODUCTION
The confluence of consumer behavior and stock market performance has long been a topic of great interest and scrutiny within the realms of economics and finance. However, in the midst of discussions revolving around traditional economic indicators and market dynamics, there exists a pastry-icularly intriguing relationship that has often been overlooked – the connection between annual US household spending on bakery products and Parker-Hannifin's stock price (PH).
This study seeks to shed light on this delightful, yet unexpectedly consequential, association. As we embark on this culinary excursion, it is essential to recognize the inherent levity of such an investigation. After all, one could argue that the stock market operates on a "yeast coast–west coast" dynamic, and what better way to embrace such diversity than by examining the dough-tails of consumer spending on bakery products?
So, with the aroma of freshly baked bread in the air, let us delve into the tantalizing world of baked goods and stock prices, as we aim to churn out insights that rise above the crust of conventional financial analysis. The stakes are high, but the buns are higher!
But why, you may ask, should we embark on such a yeast-expedition? For starters, bakery products are an integral part of the average household's consumption basket, bringing joy and sustenance to tables across the nation. Simultaneously, companies like Parker-Hannifin play a crucial role in the industrial sector, contributing to the broader tapestry of the stock market. Exploring the potential interconnectedness of these seemingly disparate elements holds promise for unearthing valuable insights into consumer behavior and market trends.
In the course of our study, we utilize data sourced from the Bureau of Labor Statistics to gain a kneaded understanding of annual US household spending on bakery products. Complementing this, we turn to LSEG Analytics (Refinitiv) to extract the yeast-relevant information on Parker-Hannifin's stock price. Through a rigorous analytical approach spanning from 2002 to 2022, we unravel the interplay between these variables, probing for correlations that may rye-val groundbreaking implications.
As we embark on this research journey, let us bear in mind the whimsical nature of this exploration and the grains of insight that may lie beneath the surface of floury statistics. After all, as the saying goes, "When life gives you lemons, make lemonade; but when life gives you dough, make bread – and perhaps some astute stock market predictions."
So, dear reader, prepare to have your preconceived notions baked, battered, and proved as we seek to uncover the complexities of consumer behavior and market performance in the most unlikely of places – the bakery aisle. As we rise to meet this challenge, with a sprinkle of curiosity and a dash of humor, let us uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. It's time to let the dough rise and see where this delectable journey leads us. Let's proceed with zest and yeast, because after all, the proof of the pudding is in the PH stock price!

-------

Your response should start like this:

[[LITERATURE REVIEW]]



ChatGPT:
LITERATURE REVIEW

The exploration of the intersection between consumer behavior and stock market dynamics has spawned a deluge of scholarly inquiries, with endeavors ranging from the conventional to the avant-garde. This juxtaposition of complexities prompts the need for a comprehensive exploration of the literature surrounding the relationship between annual US household spending on bakery products and the stock price of Parker-Hannifin (PH), a conundrum that has remained curiously unaddressed in the annals of financial research.

In "Yeast We Can: The Economics of Baking," Smith et al. delve into the economic intricacies underlying the production and consumption of bakery products, shedding light on the demand-supply dynamics within this doughmain. Similarly, Doe's work, "The Rise and Fall of Flour: A Financial Perspective on Bakery Investments," offers insights into the investment landscape of bakery businesses, albeit with a crumb of discretion towards direct stock market implications. Furthermore, Jones et al.'s study, "Dough or Die: Assessing Consumer Preferences in the Bakery Industry," parses through the hedonic and utilitarian dimensions of consumer choices in the bakery aisle, providing a yeastful backdrop for understanding consumer behavior.

However, as we attempt to unveil the unchartered territories of the intersection between bakery product spending and stock prices, it is imperative to draw inspiration from diverse sources that stray outside the traditional confines of financial literature. For example, "Bread: A Global History" by Charles Brigid provides a historical perspective on the cultural and economic significance of bread, offering a kernel of understanding for the broader context of bakery product consumption. Similarly, “Flour Water Salt Yeast: The Fundamentals of Artisan Bread and Pizza” by Ken Forkish and “The Cake Mix Doctor Bakes Gluten-Free” by Anne Byrn offer practical insights and scrumptious recipes that serve as a metaphorical ingredient for understanding the tangible essence of bakery products in the lives of consumers.

From a dimensional shift to fictional narratives that seemingly echo the underlying essence of the bakery-stock conundrum, we find ourselves drawing inspiration from works such as "Dough and Sensibility" by Jane Austen's lesser-known baking enthusiast cousin, Canon Austen, and "Marble Rye and Prejudice" by the enigmatic author L.T. Bagel. These works, although fictional, offer a whimsical and thought-provoking lens through which to contemplate the intricacies of baked goods and their potential influence on stock market dynamics.

Drawing tangential inspiration from the inimitable board game "Settlers of Catan," where wheat holds a coveted role in the construction of settlements and cities, we unravel the subtle yet undeniable parallels between the interplay of resources in the game and the real-world dynamics of bakery product consumption and stock price movements.

As we traverse through this eclectic landscape of academic and non-academic works, infusing a zest of humor and a doodle of playfulness into the scholarly discourse, we embark on a path that beckons towards enlightenment and perhaps a sprinkle of cinnamon on top. The dough-tails of this elucidation are bound to rise to the occassion, proving that there's more to the world of finance than meets the crust!


Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). 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 2002 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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

[[INTRODUCTION]]
INTRODUCTION
The confluence of consumer behavior and stock market performance has long been a topic of great interest and scrutiny within the realms of economics and finance. However, in the midst of discussions revolving around traditional economic indicators and market dynamics, there exists a pastry-icularly intriguing relationship that has often been overlooked – the connection between annual US household spending on bakery products and Parker-Hannifin's stock price (PH).
This study seeks to shed light on this delightful, yet unexpectedly consequential, association. As we embark on this culinary excursion, it is essential to recognize the inherent levity of such an investigation. After all, one could argue that the stock market operates on a "yeast coast–west coast" dynamic, and what better way to embrace such diversity than by examining the dough-tails of consumer spending on bakery products?
So, with the aroma of freshly baked bread in the air, let us delve into the tantalizing world of baked goods and stock prices, as we aim to churn out insights that rise above the crust of conventional financial analysis. The stakes are high, but the buns are higher!
But why, you may ask, should we embark on such a yeast-expedition? For starters, bakery products are an integral part of the average household's consumption basket, bringing joy and sustenance to tables across the nation. Simultaneously, companies like Parker-Hannifin play a crucial role in the industrial sector, contributing to the broader tapestry of the stock market. Exploring the potential interconnectedness of these seemingly disparate elements holds promise for unearthing valuable insights into consumer behavior and market trends.
In the course of our study, we utilize data sourced from the Bureau of Labor Statistics to gain a kneaded understanding of annual US household spending on bakery products. Complementing this, we turn to LSEG Analytics (Refinitiv) to extract the yeast-relevant information on Parker-Hannifin's stock price. Through a rigorous analytical approach spanning from 2002 to 2022, we unravel the interplay between these variables, probing for correlations that may rye-val groundbreaking implications.
As we embark on this research journey, let us bear in mind the whimsical nature of this exploration and the grains of insight that may lie beneath the surface of floury statistics. After all, as the saying goes, "When life gives you lemons, make lemonade; but when life gives you dough, make bread – and perhaps some astute stock market predictions."
So, dear reader, prepare to have your preconceived notions baked, battered, and proved as we seek to uncover the complexities of consumer behavior and market performance in the most unlikely of places – the bakery aisle. As we rise to meet this challenge, with a sprinkle of curiosity and a dash of humor, let us uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. It's time to let the dough rise and see where this delectable journey leads us. Let's proceed with zest and yeast, because after all, the proof of the pudding is in the PH stock price!

-------

Your response should start like this:

[[METHODOLOGY]]



ChatGPT:

[[METHODOLOGY]]

In this study, we employed a dough-lightful combination of quantitative analysis and data mining to knead out the potential correlation between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). Our pursuit of these dough-tails involved a series of inventive methodologies, with a sprinkle of humor and a pinch of skepticism for good measure.

To collect information on annual US household spending on bakery products, we turned to the Bureau of Labor Statistics, where we sifted through mountains of data like a baker meticulously sifting flour for the perfect dough. We selected data spanning from 2002 to 2022, encompassing the doughminant trends in consumer behavior over a 20-year period. Our approach allowed us to roll out a comprehensive understanding of the fluctuations in annual household spending on bakery products, capturing the yeast and most relevant data for our analysis.

Meanwhile, our quest for data on Parker-Hannifin's stock price led us to LSEG Analytics (Refinitiv), where we sieved through financial data like a pastry chef sieving powdered sugar for the perfect icing. Extracting information on PH stock price fluctuations from 2002 to 2022, we sought to uncover the yeast remarkable patterns that might point to a correlation with consumer spending on bakery products.

In order to establish a dough-sible relationship between these variables, we employed statistical analysis techniques that are as robust as a well-developed bread dough. Our analysis involved calculating correlation coefficients and conducting hypothesis tests to determine the strength and significance of any potential connections between annual US household spending on bakery products and Parker-Hannifin's stock price.

We understand that these dough-mensions of data analysis are not without their challenges and potential biases. Therefore, we approached our research with a keen eye for potential confounding variables and market fluctuations that could dough-tract from the validity of our findings.

Ultimately, our methodology was designed to mix the rigors of data analysis with a sprinkle of creativity and a dash of baker's intuition. The goal was to rise above the crust of conventional financial analysis and uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. So, let's roll up our sleeves and embark on this yeast-investigation, because after all, the proof of the pudding is in the PH stock price!


Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). 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 2002 to 2022, you found a correlation 0.9606884, r-squared of 0.9229223, 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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

-------

And here is the methodology section that led to this result:
[[METHODOLOGY]]
INTRODUCTION
The confluence of consumer behavior and stock market performance has long been a topic of great interest and scrutiny within the realms of economics and finance. However, in the midst of discussions revolving around traditional economic indicators and market dynamics, there exists a pastry-icularly intriguing relationship that has often been overlooked – the connection between annual US household spending on bakery products and Parker-Hannifin's stock price (PH).
This study seeks to shed light on this delightful, yet unexpectedly consequential, association. As we embark on this culinary excursion, it is essential to recognize the inherent levity of such an investigation. After all, one could argue that the stock market operates on a "yeast coast–west coast" dynamic, and what better way to embrace such diversity than by examining the dough-tails of consumer spending on bakery products?
So, with the aroma of freshly baked bread in the air, let us delve into the tantalizing world of baked goods and stock prices, as we aim to churn out insights that rise above the crust of conventional financial analysis. The stakes are high, but the buns are higher!
But why, you may ask, should we embark on such a yeast-expedition? For starters, bakery products are an integral part of the average household's consumption basket, bringing joy and sustenance to tables across the nation. Simultaneously, companies like Parker-Hannifin play a crucial role in the industrial sector, contributing to the broader tapestry of the stock market. Exploring the potential interconnectedness of these seemingly disparate elements holds promise for unearthing valuable insights into consumer behavior and market trends.
In the course of our study, we utilize data sourced from the Bureau of Labor Statistics to gain a kneaded understanding of annual US household spending on bakery products. Complementing this, we turn to LSEG Analytics (Refinitiv) to extract the yeast-relevant information on Parker-Hannifin's stock price. Through a rigorous analytical approach spanning from 2002 to 2022, we unravel the interplay between these variables, probing for correlations that may rye-val groundbreaking implications.
As we embark on this research journey, let us bear in mind the whimsical nature of this exploration and the grains of insight that may lie beneath the surface of floury statistics. After all, as the saying goes, "When life gives you lemons, make lemonade; but when life gives you dough, make bread – and perhaps some astute stock market predictions."
So, dear reader, prepare to have your preconceived notions baked, battered, and proved as we seek to uncover the complexities of consumer behavior and market performance in the most unlikely of places – the bakery aisle. As we rise to meet this challenge, with a sprinkle of curiosity and a dash of humor, let us uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. It's time to let the dough rise and see where this delectable journey leads us. Let's proceed with zest and yeast, because after all, the proof of the pudding is in the PH stock price!

-------

Your response should start like this:

[[RESULTS]]



ChatGPT:

[[RESULTS]]

The results of our analysis yield a correlation coefficient of 0.9606884 between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). This stupendously high correlation coefficient suggests a strong and positive relationship between these two variables. It's as if the stock market and baked goods are forming a union as tight as the dough in a well-made loaf of bread.

In addition to the correlation coefficient, the r-squared value of 0.9229223 indicates that a hearty 92.29% of the variation in Parker-Hannifin's stock price can be explained by the annual US household spending on bakery products. That's enough explanatory power to bake a whole batch of financial predictions!

Furthermore, the p-value of less than 0.01 provides convincing evidence that this correlation is not just a fluke, but a statistically significant relationship that holds weight even when subjected to rigorous statistical scrutiny. In other words, the probability of this correlation occurring by chance is lower than finding a gluten-free croissant at a traditional French bakery.

Now, if you take a gander at Fig. 1, you'll see a scatterplot that encapsulates the bond between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). The points on the plot are as tightly clustered as a well-kneaded dough, demonstrating the robustness of the relationship between these two variables.

In conclusion, the results of this study showcase a surprisingly strong and meaningful connection between consumer spending on bakery products and stock market performance. The evidence points to the fact that the financial market and the baking industry rise and fall in harmony, creating a tapestry as intricate and mouth-watering as a beautifully decorated cake. With these findings, it's clear that when it comes to financial forecasting, keeping an eye on the flour can be as crucial as keeping an eye on the dollar. Who knew that the secret to stock market success might just be hidden in the rising goodness of a perfectly baked loaf of bread?



Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). 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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

[[LITERATURE REVIEW]]
LITERATURE REVIEW
The exploration of the intersection between consumer behavior and stock market dynamics has spawned a deluge of scholarly inquiries, with endeavors ranging from the conventional to the avant-garde. This juxtaposition of complexities prompts the need for a comprehensive exploration of the literature surrounding the relationship between annual US household spending on bakery products and the stock price of Parker-Hannifin (PH), a conundrum that has remained curiously unaddressed in the annals of financial research.
In "Yeast We Can: The Economics of Baking," Smith et al. delve into the economic intricacies underlying the production and consumption of bakery products, shedding light on the demand-supply dynamics within this doughmain. Similarly, Doe's work, "The Rise and Fall of Flour: A Financial Perspective on Bakery Investments," offers insights into the investment landscape of bakery businesses, albeit with a crumb of discretion towards direct stock market implications. Furthermore, Jones et al.'s study, "Dough or Die: Assessing Consumer Preferences in the Bakery Industry," parses through the hedonic and utilitarian dimensions of consumer choices in the bakery aisle, providing a yeastful backdrop for understanding consumer behavior.
However, as we attempt to unveil the unchartered territories of the intersection between bakery product spending and stock prices, it is imperative to draw inspiration from diverse sources that stray outside the traditional confines of financial literature. For example, "Bread: A Global History" by Charles Brigid provides a historical perspective on the cultural and economic significance of bread, offering a kernel of understanding for the broader context of bakery product consumption. Similarly, “Flour Water Salt Yeast: The Fundamentals of Artisan Bread and Pizza” by Ken Forkish and “The Cake Mix Doctor Bakes Gluten-Free” by Anne Byrn offer practical insights and scrumptious recipes that serve as a metaphorical ingredient for understanding the tangible essence of bakery products in the lives of consumers.
From a dimensional shift to fictional narratives that seemingly echo the underlying essence of the bakery-stock conundrum, we find ourselves drawing inspiration from works such as "Dough and Sensibility" by Jane Austen's lesser-known baking enthusiast cousin, Canon Austen, and "Marble Rye and Prejudice" by the enigmatic author L.T. Bagel. These works, although fictional, offer a whimsical and thought-provoking lens through which to contemplate the intricacies of baked goods and their potential influence on stock market dynamics.
Drawing tangential inspiration from the inimitable board game "Settlers of Catan," where wheat holds a coveted role in the construction of settlements and cities, we unravel the subtle yet undeniable parallels between the interplay of resources in the game and the real-world dynamics of bakery product consumption and stock price movements.
As we traverse through this eclectic landscape of academic and non-academic works, infusing a zest of humor and a doodle of playfulness into the scholarly discourse, we embark on a path that beckons towards enlightenment and perhaps a sprinkle of cinnamon on top. The dough-tails of this elucidation are bound to rise to the occassion, proving that there's more to the world of finance than meets the crust!

[[RESULTS]]
The results of our analysis yield a correlation coefficient of 0.9606884 between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). This stupendously high correlation coefficient suggests a strong and positive relationship between these two variables. It's as if the stock market and baked goods are forming a union as tight as the dough in a well-made loaf of bread.
In addition to the correlation coefficient, the r-squared value of 0.9229223 indicates that a hearty 92.29% of the variation in Parker-Hannifin's stock price can be explained by the annual US household spending on bakery products. That's enough explanatory power to bake a whole batch of financial predictions!
Furthermore, the p-value of less than 0.01 provides convincing evidence that this correlation is not just a fluke, but a statistically significant relationship that holds weight even when subjected to rigorous statistical scrutiny. In other words, the probability of this correlation occurring by chance is lower than finding a gluten-free croissant at a traditional French bakery.
Now, if you take a gander at Fig. 1, you'll see a scatterplot that encapsulates the bond between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). The points on the plot are as tightly clustered as a well-kneaded dough, demonstrating the robustness of the relationship between these two variables.
In conclusion, the results of this study showcase a surprisingly strong and meaningful connection between consumer spending on bakery products and stock market performance. The evidence points to the fact that the financial market and the baking industry rise and fall in harmony, creating a tapestry as intricate and mouth-watering as a beautifully decorated cake. With these findings, it's clear that when it comes to financial forecasting, keeping an eye on the flour can be as crucial as keeping an eye on the dollar. Who knew that the secret to stock market success might just be hidden in the rising goodness of a perfectly baked loaf of bread?


-------

Your response should start like this:

[[DISCUSSION]]



ChatGPT:

[[DISCUSSION]]

Our findings shed light on the entwined fate of the stock market and the world of delicious baked goods. The high correlation coefficient of 0.9606884 elucidates a relationship as strong as the aroma of freshly baked bread. It seems the stock market may indeed be “on a roll” when it comes to reacting to consumer spending on bakery products, and our research has effectively buttered both sides of this financial loaf.

The literature review, which skillfully kneaded together narratives of fictional baking adventures and the strategic resource management in the game "Settlers of Catan," provided an unexpectedly delightful framework. Much like a perfectly proofed dough, these diverse sources of inspiration reinforced the need to approach this study with a mix of academic rigor and flavorful curiosity. Our results, in turn, confirm the significance of these unconventional sources of insight, demonstrating support for the interdisciplinary approach peeking through the crust of conventional financial research. As Shakespeare might say, “the yeast is history,” or at least, it’s playing a fascinating role in financial markets!

The r-squared value of 0.9229223 unveils that a substantial 92.29% of the variability in Parker-Hannifin's stock price can be ascribed to annual US household spending on bakery products, highlighting a relationship as undeniably vital as the leavening agent in a loaf of bread. This result aligns with the prior research, illustrating that consumer behavior in the bakery aisle might possess more power than initially presumed, perhaps holding the financial market together like a well-baked soufflé.

The statistically significant p-value further reinforces the scientific yeastiest necessity of this connection. It’s as if the universe itself conspires to emphasize the crucial role of bakery products in influencing stock prices, subtly whispering, "Let them eat cake, and watch the stock market rise." These results bolster the previously suggested notion that financial fortitude may, indeed, be intertwined with the doughy decisions made by consumers at their neighborhood bakery.

In light of our findings, it is apparent that the world of finance and the realm of savory and sweet treats dance together in a sophisticated choreography of consumer choices and market fluctuations. The robust bond between annual US household spending on bakery products and Parker-Hannifin's stock price underlines the interconnectedness of seemingly unrelated domains, proving that the exchange of dough might be as important as the exchange of stocks in shaping the economic landscape. Our study adds another layer of complexity to the multifaceted weave of financial influences, perhaps inspiring future investigations to rise to the occasion and explore the unexpected flavors of economic interactions. So, as we consider the art of baking and the subtle nuances of stock market dynamics, we are reminded that in the world of finance, it’s essential to not just follow the bread crumbs but to fully appreciate the power of the bread itself.


Model: gpt-3.5-turbo-1106
System prompt: You are a goofy academic researcher writing an academic paper. You follow the rules, but you throw out convention regularly to make jokes and funny asides.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 Parker-Hannifin's stock price (PH). 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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price"

[[ABSTRACT]]
The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.

As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

[[INTRDUCTION]]
INTRODUCTION
The confluence of consumer behavior and stock market performance has long been a topic of great interest and scrutiny within the realms of economics and finance. However, in the midst of discussions revolving around traditional economic indicators and market dynamics, there exists a pastry-icularly intriguing relationship that has often been overlooked – the connection between annual US household spending on bakery products and Parker-Hannifin's stock price (PH).
This study seeks to shed light on this delightful, yet unexpectedly consequential, association. As we embark on this culinary excursion, it is essential to recognize the inherent levity of such an investigation. After all, one could argue that the stock market operates on a "yeast coast–west coast" dynamic, and what better way to embrace such diversity than by examining the dough-tails of consumer spending on bakery products?
So, with the aroma of freshly baked bread in the air, let us delve into the tantalizing world of baked goods and stock prices, as we aim to churn out insights that rise above the crust of conventional financial analysis. The stakes are high, but the buns are higher!
But why, you may ask, should we embark on such a yeast-expedition? For starters, bakery products are an integral part of the average household's consumption basket, bringing joy and sustenance to tables across the nation. Simultaneously, companies like Parker-Hannifin play a crucial role in the industrial sector, contributing to the broader tapestry of the stock market. Exploring the potential interconnectedness of these seemingly disparate elements holds promise for unearthing valuable insights into consumer behavior and market trends.
In the course of our study, we utilize data sourced from the Bureau of Labor Statistics to gain a kneaded understanding of annual US household spending on bakery products. Complementing this, we turn to LSEG Analytics (Refinitiv) to extract the yeast-relevant information on Parker-Hannifin's stock price. Through a rigorous analytical approach spanning from 2002 to 2022, we unravel the interplay between these variables, probing for correlations that may rye-val groundbreaking implications.
As we embark on this research journey, let us bear in mind the whimsical nature of this exploration and the grains of insight that may lie beneath the surface of floury statistics. After all, as the saying goes, "When life gives you lemons, make lemonade; but when life gives you dough, make bread – and perhaps some astute stock market predictions."
So, dear reader, prepare to have your preconceived notions baked, battered, and proved as we seek to uncover the complexities of consumer behavior and market performance in the most unlikely of places – the bakery aisle. As we rise to meet this challenge, with a sprinkle of curiosity and a dash of humor, let us uncover the delicious links between consumer spending on bakery products and the tantalizing world of stock prices. It's time to let the dough rise and see where this delectable journey leads us. Let's proceed with zest and yeast, because after all, the proof of the pudding is in the PH stock price!

[[RESULTS]]
The results of our analysis yield a correlation coefficient of 0.9606884 between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). This stupendously high correlation coefficient suggests a strong and positive relationship between these two variables. It's as if the stock market and baked goods are forming a union as tight as the dough in a well-made loaf of bread.
In addition to the correlation coefficient, the r-squared value of 0.9229223 indicates that a hearty 92.29% of the variation in Parker-Hannifin's stock price can be explained by the annual US household spending on bakery products. That's enough explanatory power to bake a whole batch of financial predictions!
Furthermore, the p-value of less than 0.01 provides convincing evidence that this correlation is not just a fluke, but a statistically significant relationship that holds weight even when subjected to rigorous statistical scrutiny. In other words, the probability of this correlation occurring by chance is lower than finding a gluten-free croissant at a traditional French bakery.
Now, if you take a gander at Fig. 1, you'll see a scatterplot that encapsulates the bond between annual US household spending on bakery products and Parker-Hannifin's stock price (PH). The points on the plot are as tightly clustered as a well-kneaded dough, demonstrating the robustness of the relationship between these two variables.
In conclusion, the results of this study showcase a surprisingly strong and meaningful connection between consumer spending on bakery products and stock market performance. The evidence points to the fact that the financial market and the baking industry rise and fall in harmony, creating a tapestry as intricate and mouth-watering as a beautifully decorated cake. With these findings, it's clear that when it comes to financial forecasting, keeping an eye on the flour can be as crucial as keeping an eye on the dollar. Who knew that the secret to stock market success might just be hidden in the rising goodness of a perfectly baked loaf of bread?


-------

Your response should start like this:

[[CONCLUSION]]



ChatGPT:

[[CONCLUSION]]

As we wrap up this study, it's clear that we've baked up some truly fascinating insights. The correlation coefficient of 0.9606884 between annual US household spending on bakery products and Parker-Hannifin's stock price (PH) suggests a relationship as strong as the aroma of freshly baked bread wafting through a bakery. It's like these two variables are in a symbiotic relationship – a stock price's perfect partner in yeast! The findings of this study have risen to the occasion, demonstrating a surprising interconnectedness between consumer spending on bakery products and stock market performance.

The r-squared value of 0.9229223 showcases the impressive explanatory power of annual US household spending on bakery products in predicting variations in Parker-Hannifin's stock price. It's almost as if consumer spending on bakery products holds the recipe for stock market success! And the statistically significant p-value? Well, that's as rare as a perfectly timed proofing of a batch of sourdough.

In conclusion, the evidence points to a bond between consumer behavior in the bakery aisle and stock market dynamics that's as undeniable as the chewiness of a well-made bagel. It seems that when it comes to financial forecasting, keeping an eye on the flour might just be the secret ingredient for success. Who kneads traditional economic indicators when you can just follow the breadcrumbs at the bakery?

In the grand scheme of things, it's safe to say that the findings of this study have provided food for thought (and perhaps a craving for a pastry or two). After all, it's not every day you come across research that puts the "dough" in economics! It's a classic case of proving that when it comes to uncovering correlations, sometimes the yeast expected turns out to be the yeast exciting.

With that being said, it's clear that no further research is kneaded in this area. This study has fully satisfied our hunger for insights into the delectable relationship between consumer spending on bakery products and stock prices. Let's wrap this dough-scovery up and toast to the fact that economics doesn't have to be as dry as day-old bread!


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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price. Respond only with the name of a fictional academic journal.

ChatGPT:

The Journal of Culinary Economics and Finance


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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price. Respond only with the name of a fictional organization.

ChatGPT:

The Institute for Culinary Economics and Financial Forecasting


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-ing Business: The Yeast Expected - Annual US Household Spending on Bakery Products and Parker-Hannifin's Stock Price with an abstract of The relationship between consumer spending on bakery products and stock prices is a topic that kneads to be explored further. In this study, we take a close loaf at the annual US household spending on bakery products and its potential correlation with Parker-Hannifin's stock price (PH). Utilizing data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we conducted thorough analysis spanning from 2002 to 2022. Our findings reveal a correlation coefficient of 0.9606884 between these two variables, with a statistically significant p-value of less than 0.01.
As we delve into the dough-tails of our analysis, it becomes clear that the field of bakery products may be an unexpected source of inspiration for future predictions of stock market trends. This research has cracked open a fresh perspective on financial indicators and invites further investigation into the deliciously complex relationship between consumer spending on baked goods and stock performance. So, grab a donut and stay tuned as we butter you up with our findings!

ChatGPT:

annual US household spending, bakery products, consumer spending, Parker-Hannifin, stock price, correlation analysis, Bureau of Labor Statistics, LSEG Analytics, Refinitiv, correlation coefficient, statistical significance, financial indicators, stock market trends, baked goods, consumer behavior

*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

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

See what else correlates with Parker-Hannifin's stock price (PH)

Correlation r = 0.9606884 (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 = 0.9229223 (Coefficient of determination)
This means 92.3% of the change in the one variable (i.e., Parker-Hannifin's stock price (PH)) is predictable based on the change in the other (i.e., Annual US household spending on bakery products) over the 21 years from 2002 through 2022.

p < 0.01, which is statistically significant(Null hypothesis significance test)
The p-value is 5.0E-12. 0.0000000000049932308303540700
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 0.96 in 5.0E-10% of random cases. Said differently, if you correlated 200,271,133,856 random variables You don't actually need 200 billion 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 20 degrees of freedom, Degrees of freedom is a measure of how many free components we are testing. In this case it is 20 because we have two variables measured over a period of 21 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.

[ 0.9, 0.98 ] 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.
200220032004200520062007200820092010201120122013201420152016201720182019202020212022
Annual US household spending on bakery products (Household spend)296292307302304317337334337356356359343346353388392400428462497
Parker-Hannifin's stock price (PH) (Stock price)30.6131.1739.6750.8243.9751.4875.1243.1954.6686.7678.3187.45128.1129.2495.2142.2200.1146.77207.01273.51318.41




Why this works

  1. Data dredging: I have 25,237 variables in my database. I compare all these variables against each other to find ones that randomly match up. That's 636,906,169 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([296,292,307,302,304,317,337,334,337,356,356,359,343,346,353,388,392,400,428,462,497,])
array_2 = np.array([30.61,31.17,39.67,50.82,43.97,51.48,75.12,43.19,54.66,86.76,78.31,87.45,128.1,129.24,95.2,142.2,200.1,146.77,207.01,273.51,318.41,])
array_1_name = "Annual US household spending on bakery products"
array_2_name = "Parker-Hannifin's stock price (PH)"

# 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: 4015 · Black Variable ID: 19887 · Red Variable ID: 1727
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