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US Bank Lending Interest Rate vs US Mobile Subscriptions
US Bank Lending Interest Rate and US Mobile Subscriptions correlate at r = -0.73 over 47 years (1960–2021), p < 0.0001. With the time trend removed, r = -0.60. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.60). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.73
- p-value
- < 0.0001
- Years compared (n)
- 47 (1960–2021)
- 95% confidence interval
- -0.84 to -0.56
- Correlation with the time trend removed
- -0.60
Sources
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
- US Mobile Subscriptions (per 100 people): World Bank. US Mobile Subscriptions (World Bank indicator IT.CEL.SETS.P2).
Related pairs
- US Mobile Subscriptions vs US Resident Patent Applications (r = +0.99)
- US Adult Obesity vs US Mobile Subscriptions (r = +0.98)
- US Internet Users vs US Mobile Subscriptions (r = +0.98)
- US Internet Usage vs US Mobile Subscriptions (r = +0.98)
- US Forest Area vs US Mobile Subscriptions (r = +0.98)
- US Marriage Rate vs US Mobile Subscriptions (r = -0.95)
Correlation does not imply causation. How the verdict is worked out.