2.

6 Chi-Square Tests

1. CRUDE PRICE

Case Processing Summary

Cases
Valid Missing Total
N Percent N Percent N Percent
Crude Price of last 20 years *
18 94.7% 1 5.3% 19 100.0%
Gross Domestic Product

Crude Price of last 20 years * Gross Domestic Product Crosstabulation

Gross Domestic Product

Crude 3.7 3.7 4.0 4.0 4. 4.3 4.4 4.5 5.0 5.0 5. 6. 7. 8. 8. 9 9.2
price 3 8 2 6 3 4 8 9 1 4 5 2 4 3 4
of last
20
years
20.17 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29.87 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31.84 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35.67 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
40.82 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
42.45 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
44.73 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
51.83 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
56.72 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
63.76 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
71.83 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
72.94 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
73.98 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
74.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
74.92 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
80.94 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
82.71 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
89.12 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1

Value df Asymp. Sig. (2-

sided)
Pearson Chi-Square 2.880E2a 3 .000
Likelihood Ratio 101.281 3 .000
Linear-by-Linear 10.020 1 .002
Association

N of Valid Cases 18
a. 306 cells (100.0%) have expected count less than 5. The minimum
expected count is .06

INTERPRETATION:
Chi square test is done to study the association between the two variables. From Chi-
square table we found that significance two sided value is 0.000 which is much lower
than 0.005.This means that our null hypothesis is rejected and we can conclude that crude
oil prices has a significant impact on Indian GDP.

2. PETROL PRICE

Case Processing Summary

 Cases
Valid Missing Total
N Percent N Percent N Percent
Petrol Price of last 20 years *
19 100% 0 0% 19 100.0%
Gross Domestic Product

Petrol Price of last 20 years * Gross Domestic Product Crosstabulation

Petrol 3.73 3.7 4.02 4.06 4.3 4.34 4.4 4.59 5.01 5.0 5.5 6 6.2 7.4 8.3 8. 9 9.2
price 8 8 4 4
of last
20
years
25.24 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27.84 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27.91 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28.73 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
29.61 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
31.54 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
31.62 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33.96 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
34.45 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
35.64 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
36.82 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
36.85 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
39.83 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
40.05 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
40.49 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
42.85 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
44.63 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
45.62 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
47.49 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 0 1 1 1 1 1 1
 Value df Asymp. Sig. (2-
sided)
Pearson Chi-Square 3.230E2a 3 011
Likelihood Ratio 109.116 3 011
Linear-by-Linear 13.202 1 .000
Association
N of Valid Cases 19
a. 342 cells (100.0%) have expected count less than 5. The minimum expected count is .05.

INTERPRETATION:
Chi square test is done to study the association between the two variables. From Chi-
square table we found that significance two sided value is 0.011 which is much lower
than 0.005.This means that our null hypothesis is rejected and we can conclude that petrol
prices has a significant impact on Indian GDP.

3. DIESEL PRICE

Cases
Valid Missing Total
N Percent N Percent N Percent
Diesal Price of last 20 years *
19 100% 0 0% 19 100.0%
Gross Domestic Product

Diesel Price of last 20 years * Gross Domestic Product Crosstabulation

Diesel 3.73 3.78 4.02 4.06 4.3 4.34 4.4 4.59 5.01 5.04 5.5 6 6. 7.4 8.3 8.4 9 9.2
price 8 2
of last
20
years
20.22 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20.61 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
20.86 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20.87 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22.84 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
22.9 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
23.84 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
25.74 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
25.83 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25.88 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
27.04 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
27.84 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0
28.75 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
30.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
30.45 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
31.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
32.86 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
32.87 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 0 1 1 1 1 1 1

Value df Asymp. Sig. (2-

sided)
Pearson Chi-Square 3.087E2a 4 .030
Likelihood Ratio 106.344 2 .000
Linear-by-Linear 1 .009
Association 6.835
N of Valid Cases 19
a. 324 cells (100.0%) have expected count less than 5. The minimum expected count is 0.05

INTERPRETATION:
Chi square test is done to study the association between the two variables. From Chi-square table
we found that significance two sided value is 0.030 which is much lower than 0.005.This means
that our null hypothesis is rejected and we can conclude that diesel prices has a significant
impact on Indian GDP.

2.7 CORELATIONS

1. CRUDE PRICE

Cases
Valid Missing Total
N Percent N Percent N Percent
Crudel Price of last 20 years *
19 100% 0 0% 19 100.0%
Gross Domestic Product
 Crude Price of last 20 years * Gross Domestic Product Cross-tabulation
Gross Domestic Product
Symmetric Measures
Crude 3.7 3.78 4.02 4.0 4.3 4.3 4.48 4.59 5.01 5.04 5.5 6 6. 7.4 8.3 8.4 9 9.2
price 3 6 4 2
of last
20
years
20.17 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29.87 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31.84 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35.67 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
40.82 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
42.45 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
44.73 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
51.83 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
56.72 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
63.76 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
67.75 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
71.83 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
72.94 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
73.98 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1
74.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
74.92 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
80.94 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
82.71 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1
89.12 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 0 1 1 1 1 1 1

Value Asymp. Std. Approx. Tb Approx. Sig.

Errora
Interval by Interval .767 .084 4.930 .005c
Pearson's R
Ordinal by Ordinal .803 .116 5.555 .000c
Spearman
Correlation 19
N of Valid Cases

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.
c. Based on normal approximation.

INTERPRETATION:
Correlation reveals the degree of relationship between two variables. From correlation table we
found that Pearson correlation coefficient is .767 which shows the crude oil prices and GDP are
highly correlated with each other i.e. with change in crude oil prices there is change in GDP.

2. PETROL PRICE
Case Processing Summary
Cases
Valid Missing Total
N Percent N Percent N Percent
Petroll Price of last 20 years *
19 100% 0 0% 19 100.0%
Gross Domestic Product
Petrol Price of last 20 years * Gross Domestic Product Crosstabulation
Gross Domestic Product

Symmetric Measures
Petro 3.7 3.7 4.0 4.0 4. 4.3 4.4 4.5 5.0 5.0 5. 6 6. 7. 8.
l 3 8 2 6 3 4 8 9 1 4 5 2 4 3
price
of
last
20
years
25.24 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27.84 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
27.91 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
28.73 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
29.61 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
31.54 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
31.62 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
33.96 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
34.45 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
35.64 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
36.82 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
36.85 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1
39.83 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
40.05 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
40.49 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
42.85 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
44.63 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
45.62 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
47.49 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1
Value Asymp. Std. Approx. Tb Approx. Sig.
Errora

Interval by Interval .856 .059 6.839 .001c

Pearson's R
 Ordinal by Ordinal .854 .091 6.764 .007c
Spearman
Correlation 19
N of Valid Cases

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.
c. Based on normal approximation.

INTERPRETATION:
Correlation reveals the degree of relationship between two variables. From correlation table we
found that Pearson correlation coefficient is 0.856 which shows the petrol prices and GDP are
highly correlated with each other i.e. with change in crude oil prices there is change in GDP.

2. DIESEL PRICE
 Case Processing Summary

Cases
Valid Missing Total
N Percent N Percent N Percent
Diesel Price of last 20 years *
19 100% 0 0% 19 100.0%
Gross Domestic Product

Diesel Price of last 20 years * Gross Domestic Product Crosstabulation

Gross Domestic Product

Diesel 3.7 3.7 4.0 4.0 4. 4.3 4.4 4.5 5.0 5.0 5. 6 6. 7. 8. 8. 9 9.2
price 3 8 2 6 3 4 8 9 1 4 5 2 4 3 4
of last
20
years
20.22 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20.61 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
20.86 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20.87 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22.84 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
22.9 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
23.84 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
25.74 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
25.83 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25.88 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
27.04 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
27.84 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0
28.75 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
30.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
30.45 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
31.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
32.86 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
32.87 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
Total 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1
Value Asymp. Std. Approx. Tb Approx. Sig.
Errora
Interval by Interval .616 .200 3.226 .005c
Pearson's R
Ordinal by Ordinal .648 .188 3.511 .003c
Spearman
Correlation 19
N of Valid Cases

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.
c. Based on normal approximation.

INTERPRETATION:
Correlation reveals the degree of relationship between two variables. From correlation table
we found that Pearson correlation coefficient is .616which shows the diesel prices and GDP are
highly correlated with each other i.e. with change in crude oil prices there is change in GDP..