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Table 5 Regression Analyses of Import Value of Backup Generators to Macroeconomic Indicators

From: Buying electricity resilience: using backup generator sales in the United States to understand the role of the private market in resilience

Macroeconomic Indicator

Pearson Correlation

R2

Coefficient

Standard Error (Coefficient)

p-value

Median Household Income

0.744

0.553

-10,156,968,081

2,066,683,536

3.502E−05

Real Household Expenditure

0.969

0.938

-2,328,776,623

214,430,464

1.510E−11

Generator Price Proxy

0.890

0.792

-1,493,265,132

348,306,456

1.93698E−4

Number of Electricity Customers*

0.9432

0.890

-18,154,367,082

2,226,109,934

5.439E−06

  1. * refer to the date range of 2008 - 2021 which is the only date range available for customer data