Jun 22, 2009

Israeli State of the Economy Index & IT Market Rate of Change

STKI has studied the relationship between two variables, "rate of change of the State of the Economy Index" (especially its deviation of the trend numbers) with our own IT market rate of change. We have found it has "highly" significant correlation . In other words we have a hypothesis that "whatever" Bank of Israel uses to measure the State of the Economy Index effects the IT market rate of change (incidentally, I don't think we have to worry about the direction of causality here -- it's not likely that IT market causes improvement of the economy).

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