WHAT MAKES THE PRICE OF OATS 
31 
Table IV B.—Oats: Multiple correlation of price of oats, index of prices of farm 
products, and United States production plus carryover of oats, in terms of per- 
centage changes over preceding years 
Percentage changes 
a« 
xn 
X\% 
X$ 
X23 
Year beginning 
Julyl 
Price, 
Xi 
Index, 
U.S. 
prod, 
oats plus 
carry- 
over, 
X3 
xh 
1896 
-15 
+35 
+9 
-8 
+4 
+67 
-15 
+12 
-16 
-3 
+19 
+35 
+6 
-17 
-20 
+43 
-26 
+11 
+24 
-12 
-2 
+7 
+5 
+5 
+7 
+8 
+1 

+1 

+5 
+2 
+7 
+9 
-2 
-1 
+3 
+2 
+2 
+10 
+4 
-3 
+2 
+10 
-1 
-14 
+29 
-12 
+11 
+10 
-3 
-21 
+1 
+23 
+14 
-20 
+46 
-15 
-3 
+33 
225 
1,225 
81 
64 
16 
4,489 
225 
144 
256 
9 
361 
1,225 
36 
289 
400 
1,849 
676 
121 
576 
144 
+30 
+245 
-45 
-40 
+28 
+536 
-15 

-16 

+95 
+70 
+42 
-153 
+40 
-43 
-78 
+22 
+48 
-120 
-60 
-105 
+18 
-80 
-4 
-938 
-435 
-144 
-176 
-30 
-57 
-735 
+6 
-391 
-280 
-860 
-1,196 
-165 
-72 
-396 
4 
49 
25 
25 
49 
64 
1 

1 

25 
4 
49 
81 
4 
1 
9 
4 
4 
100 
-8 
-21 
+10 
+50 
-7 
-112 
+29 

+11 

-15 
-42 
+7 
+207 
-28 
+20 
+138 
-30 
-6 
+330 
16 
1897.... 
9 
1898 
4 
1899 
100 
1900 
1 
1901 
196 
1902 
841 
1903... 
144 
1904 
121 
1905 
100 
1906 . . 
9 
1907 
441 
1908 
1 
1909... 
529 
1910... 
196 
1911 
400 
1912 
2,116 
1913. 
225 
1914... 
9 
1915 
1,089 
(') — 
1921 
-28 
+5 
-25 
+9 
-18 
+5 
784 
25 
+700 
+45 
+504 
+25 
625 
81 
+450 
+45 
324 
1922 
25 
+270 
-160 
+83 
-30 
+188 
-110 
+1,946 
-465 
-6,124 
+553 
+1, 297 
-269 
Total 
+110 
+53 
+78 
13, 220 
+1,481 
-5,571 
1,205 
+1,028 
6, 896 
Average... 
+5.00 
+25. 0000 
+2.41 
+5. 8038 
+3.54 
+12. 5706 
600. 9091 
+67. 3182 
-253. 2273 
+54. 7727 
+46. 7273 
+313. 4545 
Subtract... 
-25.000 
+2 12. 0455 
+317.7275 
+5.8038 
+< 8. 5415 
+ 12.5706 
575. 9091 
aXi 2 
+ 55. 2727 
-270. 9548 
pxn 
+48. 9689 
<rX2 2 
+38. 1858 
pXli 
+3C0. 8839 
<7-X3 2 
iWar years omitted. 2 Product of 5X2.41. 3 Product of 5X3.54. i Product of 2.41X3.54. 
