To econometric determine the linear relationship between each
macroeconomic variable and Japanese tourist arrivals to Hawaii, a correlation analysis
was conducted before and after its decline in 1998. Essentially, the calculation of the
Pearson correlation coefficient was used in corroboration with the plotting and visual
inspection of a pairing of each macroeconomic variable and Japanese tourist arrivals to
Hawaii. In addition, to note any changes in the linear relationship, this analysis was
conducted and analyzed separately from 1980 to 1997 and 1998 to 2006.
Pearson Correlation Coefficient Generation
Quarterly