In installing Google Analytics you may notice that your account remains in a waiting to receive data state. Although Google Analytics has been recognized and installed correctly a small correction must be made to the source code of the Mage code.
You will want to edit the following file:
app/code/core/Mage/GoogleAnalytics/Block/Ga.php
…And add this simple line of code to line 179 in order to resolve the issue.
var _gaq = _gaq || [];
This issue has been reported and resolved already by the Magento Team through Issue #21456
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