Table 5.
Correlations: observed data, cycles, and trends.
| AU | CH | US | UK | OT | |
|---|---|---|---|---|---|
| AU | 0.28 | 0.93 | 0.98 | 0.75 | 0.97 |
| CH | 1.00 | 0.15* | 0.98 | 0.68 | 0.96 |
| US | 1.00 | 1.00 | 0.69 | 0.76 | 0.99 |
| UK | 1.00 | 1.00 | 1.00 | −0.09⁎ | 0.75 |
| OT | 1.00 | 1.00 | 1.00 | 1.00 | 0.46 |
| Std. deviations (cycles) | 11,206 | 14,193 | 7582 | 4864 | 22,591 |
In the top panel, the numbers above the main diagonal (in blue) are correlations between the cycles, below the main diagonal (in green) are correlations between the trend components, and along the main diagonal are the correlations between the trends and the observed time-series; * indicates insignificance at 5%.