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US Bank Lending Interest Rate vs US Net Migration
US Bank Lending Interest Rate and US Net Migration correlate at r = -0.46 over 62 years (1960–2021), p = 1.8e-4. With the time trend removed, r = -0.35. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = 1.8e-4) and the association survives trend removal (detrended r = -0.35). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.46
- p-value
- 1.8e-4
- Years compared (n)
- 62 (1960–2021)
- 95% confidence interval
- -0.64 to -0.24
- Correlation with the time trend removed
- -0.35
Sources
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
- US Net Migration (people): World Bank. US Net Migration (World Bank indicator SM.POP.NETM).
Related pairs
- US Adult Obesity vs US Bank Lending Interest Rate (r = -0.85)
- US Air Passengers Carried vs US Net Migration (r = +0.84)
- US Net Migration vs US Urban Population (r = +0.83)
- US Net Migration vs US Rural Population (r = -0.83)
- US Forest Area vs US Bank Lending Interest Rate (r = -0.81)
- Atmospheric Methane (global) vs US Bank Lending Interest Rate (r = -0.80)
Correlation does not imply causation. How the verdict is worked out.