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Spurious correlation #2,827 · 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 dairy products and the second variable is ICICI Bank's stock price (IBN).  The chart goes from 2002 to 2022, and the two variables track closely in value over that time. Small Image
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AI explanation

As annual US household spending on dairy products increased, more people were buying milk, cheese, and butter. This led to a rise in demand for delicious dairy-based foods. With an increase in demand for these tasty treats, restaurants and food companies started making and selling more cheesy pizzas, creamy pastas, and buttery desserts. As the craving for these dairy delights grew, so did the profits of the food industry. Now, with the food industry raking in more moolah (or should I say moo-lah), they needed a place to store and manage their overflowing cheddar... I mean, cash. This is where ICICI Bank came in. The surge in dairy product spending indirectly led to an increase in the stock price of ICICI Bank as these dairy-rich businesses rushed to deposit and manage their cheese-earned profits. So, next time you think about dairy products, remember, they don't just do a body good, they also churn the stock market! But of course, the real reason for the stock price increase is likely more complex and multifaceted.

Model: dalle-3
Prompt: "Generate an image that resembles a scene from 'Star Wars', portraying a bustling American town where a family is busy shopping at a grocery store, filling their cart with dairy products. In the distance, a pizzeria's sign glows brightly, with a line of customers forming outside. The CEO of ICICI Bank's stock stands outside the pizzeria with a pleased expression, as the influx of customers impacts his profits and contributes to a rise in ICICI Bank's stock price." 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 dairy products and ICICI Bank's stock price (IBN). 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: Macabre An image that looks like it is a scene from 'Star Wars' Surrealism Parallax art Symbolism
ChatGPT: An image that looks like it is a scene from 'Star Wars'

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 dairy products and ICICI Bank's stock price (IBN), in the following situation: Because as US household spending on dairy products increases, more people are consuming cheese, leading to a rise in demand for pizza. This increased demand for pizza causes a surge in profits for pizza chains, one of which is owned by the CEO of ICICI Bank's stock, and leads to a corresponding increase in the bank's stock price.. Keep the description simple.
ChatGPT: In a bustling American town, a family busily shops at a grocery store, filling their cart with dairy products. As they purchase more milk, cheese, and yogurt, the annual US household spending on dairy products is clearly increasing. In the distance, a pizzeria's sign glows brightly, and a line of customers forms outside the restaurant. The CEO of ICICI Bank's stock, with a pleased expression, stands outside the pizzeria, as the influx of customers impacts his profits and contributes to a rise in ICICI Bank'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: [ An image that looks like it is a scene from 'Star Wars' ] and depicting this scene: In a bustling American town, a family busily shops at a grocery store, filling their cart with dairy products. As they purchase more milk, cheese, and yogurt, the annual US household spending on dairy products is clearly increasing. In the distance, a pizzeria's sign glows brightly, and a line of customers forms outside the restaurant. The CEO of ICICI Bank's stock, with a pleased expression, stands outside the pizzeria, as the influx of customers impacts his profits and contributes to a rise in ICICI Bank's stock price. Keep the visual depiction simple. Do not include any words or speech bubbles.
ChatGPT: "Generate an image that resembles a scene from 'Star Wars', portraying a bustling American town where a family is busy shopping at a grocery store, filling their cart with dairy products. In the distance, a pizzeria's sign glows brightly, with a line of customers forming outside. The CEO of ICICI Bank's stock stands outside the pizzeria with a pleased expression, as the influx of customers impacts his profits and contributes to a rise in ICICI Bank's stock price."

*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 dairy products caused ICICI Bank's stock price (IBN) to increase.\Make it sound serious until the end.

AI academic paper

(Because p < 0.01)
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

The Journal of Financial Fromage Studies

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 witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). Make lots of jokes, goofy observations, and puns.

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

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 0.8962843 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]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). Make lots of jokes, goofy observations, and puns.

Here is the title and abstract of the paper:
[[TITLE]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

-------

Your response should start like this:

[[INTRODUCTION]]



ChatGPT:
[[INTRODUCTION]]

It is often said that money makes the world go round, but could it be possible that milk and cheese are the real movers and shakers in the financial markets? In this dairy-tale of a research paper, we delve into the peculiar pairing of annual US household spending on dairy products and the stock price of ICICI Bank (IBN). As we embark on this journey, we are reminded of the wise words of Benjamin Disraeli – "I am prepared for the worst, but hope for the best, and I am delighted that our findings are not just cheesy quips, but rather, a brieser look at a surprising correlation.

While some may roll their eyes at the notion of dairy products affecting stock prices, our research team couldn't help but churn with excitement as we delved into this curiously unexplored territory. Digging into the data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we set out to uncover whether there was a gouda reason to believe in the dairy-stock price connection.

The stock market, much like a block of Swiss cheese, is full of holes and has its share of ups and downs. Our study aimed to provide a cheddar-sharp analysis of whether household spending on dairy could be a major factor in the price movements of IBN stock. This led us to ponder – are dairy products the unsung heroes of the financial world, quietly churning out profits in the background?

As we immersed ourselves in the data, we couldn't help but be amused by the thought of traders anxiously monitoring milk prices alongside the latest market news. While some may consider dairy products to be the "moo-stery ingredient" in the finance recipe, our research sought to shine a light on what could be a grater understanding of market dynamics.

In a market brimming with complex equations and variables, it's utterly refreshing to explore the potential influence of cheese, yogurt, and other dairy delights on stock performance. So, grab a cup of milk and join us as we embark on this milky way of financial investigation, where we aim to separate the whey from the chaff and bring a slice of clarity to the age-old question – are dairy products the cream of the crop when it comes to stock market success?


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). 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 name some movies that you watched that are tangentially related to the topic.

Here is the title and abstract of the paper:
[[TITLE]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

-------

And here is the introduction section that led to this literature review:
[[INTRODUCTION]]
It is often said that money makes the world go round, but could it be possible that milk and cheese are the real movers and shakers in the financial markets? In this dairy-tale of a research paper, we delve into the peculiar pairing of annual US household spending on dairy products and the stock price of ICICI Bank (IBN). As we embark on this journey, we are reminded of the wise words of Benjamin Disraeli – "I am prepared for the worst, but hope for the best, and I am delighted that our findings are not just cheesy quips, but rather, a brieser look at a surprising correlation.
While some may roll their eyes at the notion of dairy products affecting stock prices, our research team couldn't help but churn with excitement as we delved into this curiously unexplored territory. Digging into the data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we set out to uncover whether there was a gouda reason to believe in the dairy-stock price connection.
The stock market, much like a block of Swiss cheese, is full of holes and has its share of ups and downs. Our study aimed to provide a cheddar-sharp analysis of whether household spending on dairy could be a major factor in the price movements of IBN stock. This led us to ponder – are dairy products the unsung heroes of the financial world, quietly churning out profits in the background?
As we immersed ourselves in the data, we couldn't help but be amused by the thought of traders anxiously monitoring milk prices alongside the latest market news. While some may consider dairy products to be the "moo-stery ingredient" in the finance recipe, our research sought to shine a light on what could be a grater understanding of market dynamics.
In a market brimming with complex equations and variables, it's utterly refreshing to explore the potential influence of cheese, yogurt, and other dairy delights on stock performance. So, grab a cup of milk and join us as we embark on this milky way of financial investigation, where we aim to separate the whey from the chaff and bring a slice of clarity to the age-old question – are dairy products the cream of the crop when it comes to stock market success?

-------

Your response should start like this:

[[LITERATURE REVIEW]]



ChatGPT:
[[LITERATURE REVIEW]]

In "Smith and Doe's: The Milky Way to Financial Success," the authors find an intriguing association between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). The study posits that the dairy industry, often overlooked in financial analyses, may hold the key to unlocking valuable insights into stock price movements. However, as we wade deeper into the literature, it quickly becomes apparent that the interplay between dairy products and stock prices is more than just a muenster of coincidence.

Moving on to "Jones et al.'s: Moovin' and Groovin' in the Dairy Market," we are confronted with a flurry of statistics pointing towards a robust correlation between the two seemingly disparate variables. This study raises the question: Could dairy consumption patterns be the butter half of a fruitful endeavor to predict stock price trends? While these findings may initially sound like a tall tale, the data paints a rather compelling story.

As we depart from the realm of academic articles, let us not overlook the wealth of knowledge that can be gleaned from non-fiction books related to the dairy industry and financial markets alike. "The Cheese Lover's Companion" and "The Little Book of Big Dividends" offer unique perspectives on the crossroads of dairy enthusiasm and financial prosperity. The authors serve up a feast of wisdom, inviting readers to ponder the potential impact of Gouda, Brie, and Cheddar on investment portfolios.

Venturing into the world of fiction, we encounter novels such as "The Dairy Diamond Caper" and "Murder at the Milk Market," which, despite their whimsical titles, hold an unexpected relevance to our research topic. These works, while primarily focused on cryptic dairy-related mysteries, inadvertently contribute to our humorous contemplation of the dairy-stock price connection.

Furthermore, we cannot discount the cinematic influences that have colored our understanding of financial markets and dairy consumption. Movies such as "The Big Shortcake" and "The Shawshank Dairy Redemption" serve as unlikely sources of inspiration, providing a lighthearted take on the serious business of investing and the dairy industry. While these films may seem like unlikely candidates for research material, their quirky narratives prompt us to approach our investigation with a sense of levity and creativity.

As we navigate through this unpredictable terrain of research literature, it becomes increasingly clear that the bond between dairy products and stock prices is not just a cheesy hypothesis, but a formulation brimming with potential for a cow-pious investment strategy. With a sprinkle of curiosity and a dollop of humor, our journey takes an unexpected turn towards a stock market analysis that is certainly not lacking in lactose (or laughter)!


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). 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]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

[[INTRODUCTION]]
It is often said that money makes the world go round, but could it be possible that milk and cheese are the real movers and shakers in the financial markets? In this dairy-tale of a research paper, we delve into the peculiar pairing of annual US household spending on dairy products and the stock price of ICICI Bank (IBN). As we embark on this journey, we are reminded of the wise words of Benjamin Disraeli – "I am prepared for the worst, but hope for the best, and I am delighted that our findings are not just cheesy quips, but rather, a brieser look at a surprising correlation.
While some may roll their eyes at the notion of dairy products affecting stock prices, our research team couldn't help but churn with excitement as we delved into this curiously unexplored territory. Digging into the data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we set out to uncover whether there was a gouda reason to believe in the dairy-stock price connection.
The stock market, much like a block of Swiss cheese, is full of holes and has its share of ups and downs. Our study aimed to provide a cheddar-sharp analysis of whether household spending on dairy could be a major factor in the price movements of IBN stock. This led us to ponder – are dairy products the unsung heroes of the financial world, quietly churning out profits in the background?
As we immersed ourselves in the data, we couldn't help but be amused by the thought of traders anxiously monitoring milk prices alongside the latest market news. While some may consider dairy products to be the "moo-stery ingredient" in the finance recipe, our research sought to shine a light on what could be a grater understanding of market dynamics.
In a market brimming with complex equations and variables, it's utterly refreshing to explore the potential influence of cheese, yogurt, and other dairy delights on stock performance. So, grab a cup of milk and join us as we embark on this milky way of financial investigation, where we aim to separate the whey from the chaff and bring a slice of clarity to the age-old question – are dairy products the cream of the crop when it comes to stock market success?

-------

Your response should start like this:

[[METHODOLOGY]]



ChatGPT:

[[METHODOLOGY]]

To unravel the dairy-sweetened mystery of ICICI Bank's stock price, our research team employed a blend of traditional statistical methods and a few unexpected twists that would make even the most seasoned analyst shake their head in amazement.

First and foremost, we gathered data covering the period from 2002 to 2022, sourced from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv). Our data collection was as thorough as a cow's cud-chewing, leaving no udder source unexplored.

Next, we indulged in a veritable fondue of statistical analyses. We performed a brie-f overview of the annual US household spending on dairy products and IBN stock price, examining the trends and fluctuations with the meticulousness of a cheese monger inspecting his wares.

To get to the creamy center of our research, we utilized a correlation analysis that would make any dairy enthusiast proud. Calculating the Pearson correlation coefficient between the two variables, we sought to display the strength and direction of the relationship. It was a statistical tango between dairy spending and stock price movements, with results more appetizing than a cheese platter at a gourmet picnic.

But wait, there's Gouda! In order to unravel potential underlying patterns, we also ventured into a regression analysis. By slapping on our statistical aprons, we estimated the impact of annual US household spending on dairy products on the stock price of ICICI Bank, revealing insights that were sharper than the finest aged cheddar.

Additionally, we sprinkled in a few control variables, akin to adding a pinch of salt to a recipe, to ensure that our findings were as robust as a sturdy block of Parmigiano-Reggiano.

Lastly, to add a dash of zest to our study, we conducted a time series analysis to unearth any temporal dynamics between dairy spending and stock price movements. This allowed us to scrutinize the data over time and paint a portrait of the changing relationship similar to the way milk curdles into cheese.

In summary, our methodology was a smorgasbord of statistical techniques, simmered in a pot of curiosity and seasoned with a generous helping of determination. It provided us with a velvety smooth understanding of the connection between dairy spending and IBN stock price.


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). 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 0.8962843, r-squared of 0.8033256, 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]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

-------

And here is the methodology section that led to this result:
[[METHODOLOGY]]
It is often said that money makes the world go round, but could it be possible that milk and cheese are the real movers and shakers in the financial markets? In this dairy-tale of a research paper, we delve into the peculiar pairing of annual US household spending on dairy products and the stock price of ICICI Bank (IBN). As we embark on this journey, we are reminded of the wise words of Benjamin Disraeli – "I am prepared for the worst, but hope for the best, and I am delighted that our findings are not just cheesy quips, but rather, a brieser look at a surprising correlation.
While some may roll their eyes at the notion of dairy products affecting stock prices, our research team couldn't help but churn with excitement as we delved into this curiously unexplored territory. Digging into the data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we set out to uncover whether there was a gouda reason to believe in the dairy-stock price connection.
The stock market, much like a block of Swiss cheese, is full of holes and has its share of ups and downs. Our study aimed to provide a cheddar-sharp analysis of whether household spending on dairy could be a major factor in the price movements of IBN stock. This led us to ponder – are dairy products the unsung heroes of the financial world, quietly churning out profits in the background?
As we immersed ourselves in the data, we couldn't help but be amused by the thought of traders anxiously monitoring milk prices alongside the latest market news. While some may consider dairy products to be the "moo-stery ingredient" in the finance recipe, our research sought to shine a light on what could be a grater understanding of market dynamics.
In a market brimming with complex equations and variables, it's utterly refreshing to explore the potential influence of cheese, yogurt, and other dairy delights on stock performance. So, grab a cup of milk and join us as we embark on this milky way of financial investigation, where we aim to separate the whey from the chaff and bring a slice of clarity to the age-old question – are dairy products the cream of the crop when it comes to stock market success?

-------

Your response should start like this:

[[RESULTS]]



ChatGPT:

[[RESULTS]]

The results of our study unveiled a remarkably strong correlation between annual US household spending on dairy products and the stock price of ICICI Bank (IBN), with a correlation coefficient of 0.8962843 and an r-squared value of 0.8033256, both of which are highly statistically significant with p < 0.01. It seems that the dairy industry may have more than just a whey of making an impact on the stock market - talk about milking the market for all it's worth!

Upon gazing at the scatterplot (Fig. 1), one cannot help but be amazed by the remarkably orderly spread of data points, forming a pattern so striking that it's almost as if Bessie the cow herself had orchestrated this financial symphony. The graph showcases a beautifully linear relationship, with annual US household spending on dairy products moving in remarkable synchrony with IBN stock price.

One might think that this whole endeavor was nothing but a cheesy endeavor, but our findings have churned out a tale of unexpected significance. It's clear that dairy products have been doing more than just lactose around when it comes to influencing market dynamics. If anything, our research suggests that the dairy industry might just be a gouda influence on stock performance, perhaps making it the cream of the crop in financial forecasting.

The curiosity of our initial inquiry has transformed into a bona fide revelation. Who would have thought that those innocent-looking dairy products could have such a profound impact on the financial markets? It seems that when it comes to stock performance, there's more at steak than meets the eye, and dairy is playing a major role in the porpoise.

In the grand symphony of the stock market, it appears that dairy is not just the accompaniment – it's taking center stage. With these findings, it's clear that IBN investors might want to keep a sharp eye on both the dairy aisle and the stock ticker. It's a brave new world, where the dairy industry is no longer just milking cows – it's milking the financial markets for all they're worth. Who would have thought that dairy could cheddar light on the ever-fluctuating stock market?

In conclusion, our deep dive into the dairy-IBN connection has turned up a brieser look at the financial markets and suggests a need for further exploration into the dairy-driven dynamics of stock performance. This research has certainly curdled up some unexpected insights and may just be the start of a moovelous new chapter in the realm of financial analysis. After all, in the sometimes bewildering landscape of finance, it's not just about making money – it's about recognizing the dairy good reasons behind market movements.


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). 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]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

[[LITERATURE REVIEW]]
In "Smith and Doe's: The Milky Way to Financial Success," the authors find an intriguing association between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). The study posits that the dairy industry, often overlooked in financial analyses, may hold the key to unlocking valuable insights into stock price movements. However, as we wade deeper into the literature, it quickly becomes apparent that the interplay between dairy products and stock prices is more than just a muenster of coincidence.
Moving on to "Jones et al.'s: Moovin' and Groovin' in the Dairy Market," we are confronted with a flurry of statistics pointing towards a robust correlation between the two seemingly disparate variables. This study raises the question: Could dairy consumption patterns be the butter half of a fruitful endeavor to predict stock price trends? While these findings may initially sound like a tall tale, the data paints a rather compelling story.
As we depart from the realm of academic articles, let us not overlook the wealth of knowledge that can be gleaned from non-fiction books related to the dairy industry and financial markets alike. "The Cheese Lover's Companion" and "The Little Book of Big Dividends" offer unique perspectives on the crossroads of dairy enthusiasm and financial prosperity. The authors serve up a feast of wisdom, inviting readers to ponder the potential impact of Gouda, Brie, and Cheddar on investment portfolios.
Venturing into the world of fiction, we encounter novels such as "The Dairy Diamond Caper" and "Murder at the Milk Market," which, despite their whimsical titles, hold an unexpected relevance to our research topic. These works, while primarily focused on cryptic dairy-related mysteries, inadvertently contribute to our humorous contemplation of the dairy-stock price connection.
Furthermore, we cannot discount the cinematic influences that have colored our understanding of financial markets and dairy consumption. Movies such as "The Big Shortcake" and "The Shawshank Dairy Redemption" serve as unlikely sources of inspiration, providing a lighthearted take on the serious business of investing and the dairy industry. While these films may seem like unlikely candidates for research material, their quirky narratives prompt us to approach our investigation with a sense of levity and creativity.
As we navigate through this unpredictable terrain of research literature, it becomes increasingly clear that the bond between dairy products and stock prices is not just a cheesy hypothesis, but a formulation brimming with potential for a cow-pious investment strategy. With a sprinkle of curiosity and a dollop of humor, our journey takes an unexpected turn towards a stock market analysis that is certainly not lacking in lactose (or laughter)!

[[RESULTS]]
The results of our study unveiled a remarkably strong correlation between annual US household spending on dairy products and the stock price of ICICI Bank (IBN), with a correlation coefficient of 0.8962843 and an r-squared value of 0.8033256, both of which are highly statistically significant with p < 0.01. It seems that the dairy industry may have more than just a whey of making an impact on the stock market - talk about milking the market for all it's worth!
Upon gazing at the scatterplot (Fig. 1), one cannot help but be amazed by the remarkably orderly spread of data points, forming a pattern so striking that it's almost as if Bessie the cow herself had orchestrated this financial symphony. The graph showcases a beautifully linear relationship, with annual US household spending on dairy products moving in remarkable synchrony with IBN stock price.
One might think that this whole endeavor was nothing but a cheesy endeavor, but our findings have churned out a tale of unexpected significance. It's clear that dairy products have been doing more than just lactose around when it comes to influencing market dynamics. If anything, our research suggests that the dairy industry might just be a gouda influence on stock performance, perhaps making it the cream of the crop in financial forecasting.
The curiosity of our initial inquiry has transformed into a bona fide revelation. Who would have thought that those innocent-looking dairy products could have such a profound impact on the financial markets? It seems that when it comes to stock performance, there's more at steak than meets the eye, and dairy is playing a major role in the porpoise.
In the grand symphony of the stock market, it appears that dairy is not just the accompaniment – it's taking center stage. With these findings, it's clear that IBN investors might want to keep a sharp eye on both the dairy aisle and the stock ticker. It's a brave new world, where the dairy industry is no longer just milking cows – it's milking the financial markets for all they're worth. Who would have thought that dairy could cheddar light on the ever-fluctuating stock market?
In conclusion, our deep dive into the dairy-IBN connection has turned up a brieser look at the financial markets and suggests a need for further exploration into the dairy-driven dynamics of stock performance. This research has certainly curdled up some unexpected insights and may just be the start of a moovelous new chapter in the realm of financial analysis. After all, in the sometimes bewildering landscape of finance, it's not just about making money – it's about recognizing the dairy good reasons behind market movements.

-------

Your response should start like this:

[[DISCUSSION]]



ChatGPT:

[[DISCUSSION]]

Our findings, as picturesque as a dairy farm at sunset, have added a sprinkle of gouda to the oeuvre of financial analysis. The robust correlation we uncovered between annual US household spending on dairy products and ICICI Bank's stock price is no mere happenstance; it is udderly astounding. Our results stand in harmony (or perhaps moosical chord) with prior research, validating the dairy industry's surprising influence on financial markets.

In "Smith and Doe's: The Milky Way to Financial Success," the authors highlighted the potential interplay between dairy consumption and stock prices. Our findings not only support but also enhance the understanding of this relationship. It is clear that the dairy industry's sway over the stock market is no cheesy anecdote; it’s a cheddar of fact. The correlation coefficient we uncovered is a testament to the real impact dairy can have on stock performance – a fact that investors should not take lightly, lest they find themselves in a rather muenster predicament.

Moving on to "Jones et al.'s: Moovin' and Groovin' in the Dairy Market," we find our results falling in line with a choir of statistics pointing to a substantial correlation. It seems that the dairy industry is not just a cottage cheese in the grand scheme of stock market dynamics. The robustness of our correlation coefficient not only adds weight to prior research but also acts as a beacon, guiding investors towards new perspectives on market analysis. It’s time for them to embrace the dairy, as it’s whey more than just a milky prospect.

Our study is not just a yoghurt surreal dream; it's a wake-up call to the investment community. It's the butter-half of a fully-baked understanding of financial forecasting. Our findings suggest that dairy products are not just milking cows; they are churning out a tale of influence on the stock market. This calls for a paradigm shift in the way investors view the dairy industry – it’s not just about mooving with the herd, but about capitalizing on bries opportunities that may arise.

With our findings, it's clear that investors need to keep abreast of dairy consumption patterns, as they may hold the creamy secrets to predicting market movements. When it comes to the dairy industry and stock performance, there's more at staek than meets the eye. Our research has uncorked a bottle of new paradigms for financial analysis and highlighted the dairy good reasons behind market fluctuations.

In conclusion, our study has cracked open the door to a new pasture of financial analysis, one where dairy products are not just incidental to stock performance, but integral to it. It's time to embrace the dairy business for what it is – a dairy good indicator of stock movements. Our findings serve as a reminder that in the ever-evolving landscape of finance, it's not just about making money, it's about recognizing the dairy good reasons behind market movements. So, let’s raise a toast to a moovelous new era of financial analysis, where the dairy industry no longer takes a backseat but leads the whey forward in market insights.


Model: gpt-3.5-turbo-1106
System prompt: You are a witty academic researcher. Your writing sounds like it belongs in a statistics journal.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 dairy products and ICICI Bank's stock price (IBN). 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]]
A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price

[[ABSTRACT]]
Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.

Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

[[INTRDUCTION]]
It is often said that money makes the world go round, but could it be possible that milk and cheese are the real movers and shakers in the financial markets? In this dairy-tale of a research paper, we delve into the peculiar pairing of annual US household spending on dairy products and the stock price of ICICI Bank (IBN). As we embark on this journey, we are reminded of the wise words of Benjamin Disraeli – "I am prepared for the worst, but hope for the best, and I am delighted that our findings are not just cheesy quips, but rather, a brieser look at a surprising correlation.
While some may roll their eyes at the notion of dairy products affecting stock prices, our research team couldn't help but churn with excitement as we delved into this curiously unexplored territory. Digging into the data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we set out to uncover whether there was a gouda reason to believe in the dairy-stock price connection.
The stock market, much like a block of Swiss cheese, is full of holes and has its share of ups and downs. Our study aimed to provide a cheddar-sharp analysis of whether household spending on dairy could be a major factor in the price movements of IBN stock. This led us to ponder – are dairy products the unsung heroes of the financial world, quietly churning out profits in the background?
As we immersed ourselves in the data, we couldn't help but be amused by the thought of traders anxiously monitoring milk prices alongside the latest market news. While some may consider dairy products to be the "moo-stery ingredient" in the finance recipe, our research sought to shine a light on what could be a grater understanding of market dynamics.
In a market brimming with complex equations and variables, it's utterly refreshing to explore the potential influence of cheese, yogurt, and other dairy delights on stock performance. So, grab a cup of milk and join us as we embark on this milky way of financial investigation, where we aim to separate the whey from the chaff and bring a slice of clarity to the age-old question – are dairy products the cream of the crop when it comes to stock market success?

[[RESULTS]]
The results of our study unveiled a remarkably strong correlation between annual US household spending on dairy products and the stock price of ICICI Bank (IBN), with a correlation coefficient of 0.8962843 and an r-squared value of 0.8033256, both of which are highly statistically significant with p < 0.01. It seems that the dairy industry may have more than just a whey of making an impact on the stock market - talk about milking the market for all it's worth!
Upon gazing at the scatterplot (Fig. 1), one cannot help but be amazed by the remarkably orderly spread of data points, forming a pattern so striking that it's almost as if Bessie the cow herself had orchestrated this financial symphony. The graph showcases a beautifully linear relationship, with annual US household spending on dairy products moving in remarkable synchrony with IBN stock price.
One might think that this whole endeavor was nothing but a cheesy endeavor, but our findings have churned out a tale of unexpected significance. It's clear that dairy products have been doing more than just lactose around when it comes to influencing market dynamics. If anything, our research suggests that the dairy industry might just be a gouda influence on stock performance, perhaps making it the cream of the crop in financial forecasting.
The curiosity of our initial inquiry has transformed into a bona fide revelation. Who would have thought that those innocent-looking dairy products could have such a profound impact on the financial markets? It seems that when it comes to stock performance, there's more at steak than meets the eye, and dairy is playing a major role in the porpoise.
In the grand symphony of the stock market, it appears that dairy is not just the accompaniment – it's taking center stage. With these findings, it's clear that IBN investors might want to keep a sharp eye on both the dairy aisle and the stock ticker. It's a brave new world, where the dairy industry is no longer just milking cows – it's milking the financial markets for all they're worth. Who would have thought that dairy could cheddar light on the ever-fluctuating stock market?
In conclusion, our deep dive into the dairy-IBN connection has turned up a brieser look at the financial markets and suggests a need for further exploration into the dairy-driven dynamics of stock performance. This research has certainly curdled up some unexpected insights and may just be the start of a moovelous new chapter in the realm of financial analysis. After all, in the sometimes bewildering landscape of finance, it's not just about making money – it's about recognizing the dairy good reasons behind market movements.

-------

Your response should start like this:

[[CONCLUSION]]



ChatGPT:

[[CONCLUSION]]

In conclusion, our research has uncovered a lactose-load of insights into the financial markets that are udderly fascinating. The remarkable correlation between annual US household spending on dairy products and the stock price of ICICI Bank (IBN) not only raises eyebrows but also churns out ample food for thought.

Our findings suggest that dairy products may hold the whey to understanding stock price fluctuations, offering investors a gouda reason to keep tabs on both the dairy aisle and the stock ticker. It seems that the world of finance has been underestimating the dairy industry, which may just be the cream of the crop when it comes to predicting stock performance.

This research has undeniably curdled up some unexpected insights, turning what some may consider a cheesy endeavor into an eye-opening exploration of market dynamics. The dairy industry's influence on the stock market is no longer a moo-stery; rather, it has emerged as a significant player in the grand symphony of financial forecasting.

In light of these findings, it seems that no more research is needed in this area. Our results provide a brieser look at the whimsical world of finance, shedding light on the dairy good reasons behind market movements. As we close the chapter on this research, it's clear that the dairy-IBN connection is no longer just a dairy-tale but a moovelous new avenue for financial analysis.


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 A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price. Respond only with the name of a fictional academic journal.

ChatGPT:

The Journal of Financial Fromage Studies


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 A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price. Respond only with the name of a fictional organization.

ChatGPT:

The Dairy Discovery Institute


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 A Gouda Investment: Exploring the Dairy Delight-Devoted Dowser in the ICICI Bank's Stock Price with an abstract of Amidst the cheesy expanse of financial markets, our research team embarked on an udderly enlightening pursuit to discern the potential interplay between annual US household spending on dairy products and the stock price of ICICI Bank (IBN). Leveraging data from the Bureau of Labor Statistics and LSEG Analytics (Refinitiv), we embarked on a curdious investigation into this unlikely pairing.
Our findings revealed a striking correlation coefficient of 0.8962843, with p < 0.01, spanning the years 2002 to 2022. With these results, it is evident that the dairy industry may hold the whey to understanding fluctuations in IBN stock price – a seemingly gouda investment for the future. Our research cracks open a new avenue for financial forecasting, where the power of dairy products may just be the cream in the coffee when it comes to stock performance.

ChatGPT:

ICICI Bank stock price, dairy products spending, correlation, Bureau of Labor Statistics, LSEG Analytics, financial forecasting, dairy industry, stock market correlation, dairy products consumption, dairy industry investment

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

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

See what else correlates with ICICI Bank's stock price (IBN)

Correlation r = 0.8962843 (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 = 0.8033256 (Coefficient of determination)
This means 80.3% of the change in the one variable (i.e., ICICI Bank's stock price (IBN)) is predictable based on the change in the other (i.e., Annual US household spending on dairy products) over the 21 years from 2002 through 2022.

p < 0.01, which is statistically significant(Null hypothesis significance test)
The p-value is 3.9E-8. 0.0000000389111181553701300000
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 0.9 in 3.9E-6% of random cases. Said differently, if you correlated 25,699,596 random variables You don't actually need 25 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 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.

[ 0.76, 0.96 ] 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 dairy products (Household spend)328328371378368387430406380407419414423413410450449455474492532
ICICI Bank's stock price (IBN) (Stock price)0.851.183.233.685.357.7311.563.536.919.274.958.176.610.786.936.819.7810.3115.1414.6920.34




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([328,328,371,378,368,387,430,406,380,407,419,414,423,413,410,450,449,455,474,492,532,])
array_2 = np.array([0.85,1.18,3.23,3.68,5.35,7.73,11.56,3.53,6.91,9.27,4.95,8.17,6.6,10.78,6.93,6.81,9.78,10.31,15.14,14.69,20.34,])
array_1_name = "Annual US household spending on dairy products"
array_2_name = "ICICI Bank's stock price (IBN)"

# 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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When spoken, my last name is pronounced "vegan," like I don't eat meat.

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Correlation ID: 2827 · Black Variable ID: 19894 · Red Variable ID: 1655
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