Statistics
| Correl | 0.644576 |
| R-Sq | 0.418097 |
| Slope | 0.233645 |
A 10% increase (decrease) in corn price drives to 2.33% increase (decrease) in poultry(chicken) price.
Analysis: Chaos 07/2015
Data source: IMF
PETROLEUM
After the recent shock at the energy market, where the oil prices collapsed, Chaos tries to find the impacts of Oil Production for Brent & Dubai Oil Price.
This because many analysts agree that the downturn of oil is due to the recent announcement of OPEC that is not willing to reduce the oil production.
Below,there is the regression of the impact of oil production to prices(Brent, Dubai).
Results show that, surely there is a strong correlation between them, but the R-sq is two low.
| Coeficient | Dubai | Brent |
| Slope | 4.8269 | 5.4599 |
| Alpha | 0.02521 | 0.01308 |
| Correl | 0.33534 | 0.36336 |
| Rsq | 11.2% | 6.7% |
SOURCE: TESLA ANALYSIS GREECE
DATE: DECEMBER 2014
In a first view, an 1% increase in production is followed by a 5.4% increase at the price, or 1% price upturn means an 1.26% production increase.