Datasets for Statistical Analysis

The cost of finished steel

Keywords:

steel

Categories:

regression;
science

Description:

The data give the cost of finished steel and related variables from 1920 to 1937.

There are 18 observations on three variables and the year.

Variables:

Year	The year of interest.
Cost	The cost of the finished steel in $US per ton.
Capacity	The per cent operating capacity of steel mills.
Earnings	The average hourly earnings of employees in cents per hour.

Data Quality:

There are no missing values.

Source:

The data come from Ezekiel, Mordecai and Fox, Karl A. Methods of Correlation and Regression Analysis, New York: John Wiley and sons, page 256.

Notes:

References:

The source states that the original data are calculated from regular reports of the US Steel Corporation, and point the reader to this reference: Wylie, Kathryn H. and Ezekiel, Mordecai (1940). "The cost curve for steel production" in Journal of Political Economy, XLVIII, 777-821.