1# Results memo — association between y and x (monthly, 1990-01 to 2023-04)23Prepared by the previous analyst. Method: ordinary least squares of y on x with an intercept, using all 400 monthly observations4in `series.csv`. Standard errors are the conventional OLS standard errors (independent, homoskedastic errors).56| quantity | value |7|---|---|8| intercept | 2.0925 |9| slope on x | 0.1017 |10| standard error of the slope | 0.0448 |11| t-statistic | 2.27 |12| p-value (two-sided) | 0.0238 |13| observations | 400 |1415Conclusion of the memo: the slope is statistically significant at the 5% level, so x is a significant predictor of y.16