Statistical Analysis

Ravel supports a range of statistical functions (the range will expand significantly in future releases), the widgets for which are on the menu, and are explained in Table 6. The relationship between change in household credit and change in house prices is an obvious candidate for correlation analysis—see the highlighted additional widgets in Figure 54.

Figure 54: The correlation coefficient for change in household credit and change in house prices between 1970 and 2022 for the USA is 0.65