[SOLVED][Drupal Google Analytics] Tracking Code Not Detected. Tracking Not Installed
Many Drupal users have reported that after they had successfully installed the Google Analytics module on their website, the Google Analytics admin page reported a "Tracking code not detected" error. The status reports page of Google Analytics also indicated a "Tracking Not Installed" error. If you are facing the same situation with the Google Analytics module in your Drupal site then read on.
Here is the fix. Many users had resolved it by adding a trailing "/" to their site hostname in the profile page in Google Analytic's settings. For example.
"example.com" DID NOT WORK
"example.com/" WORKED
So check if it has a trailing '/' in the settings page of Google Anaytics.
Hope that helps.
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Reference: http://drupal.org/node/518640