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Built a scatterplot for the Standard and Poor's/Toronto Stock Exchange Index time series and compute the correlation coefficient and coefficient of determination. Explain the results
Built a scatterplot for the Standard and Poor's/Toronto Stock Exchange Index time series and compute the correlation coefficient and coefficient of determination. Explain the results of these coefficients in the context of the problem.
Toronto Stock Exchange Statistics | Standard and Poor's/Toronto Stock Exchange Composite Index | Standard and Poor's/Toronto Stock Exchange 60 Index |
Reference period | ||
Index | ||
Jan-98 | 6,700.20 | 381.23 |
Feb-98 | 7,092.49 | 406.82 |
Mar-98 | 7,558.50 | 435.32 |
Apr-98 | 7,664.99 | 440.34 |
May-98 | 7,589.78 | 441.02 |
Jun-98 | 7,366.89 | 427.01 |
Jul-98 | 6,931.43 | 400.51 |
Aug-98 | 5,530.71 | 318.75 |
Sep-98 | 5,614.12 | 321.55 |
Oct-98 | 6,208.28 | 359.99 |
Nov-98 | 6,343.87 | 369.21 |
Dec-98 | 6,485.94 | 375.98 |
Jan-99 | 6,729.56 | 396.87 |
Feb-99 | 6,312.69 | 368.25 |
Mar-99 | 6,597.79 | 384.98 |
Apr-99 | 7,014.70 | 410.85 |
May-99 | 6,841.80 | 400.07 |
Jun-99 | 7,010.07 | 411.04 |
Jul-99 | 7,081.03 | 415.1 |
Aug-99 | 6,970.81 | 407.32 |
Sep-99 | 6,957.72 | 408.54 |
Oct-99 | 7,256.22 | 433.85 |
Nov-99 | 7,523.23 | 447.29 |
Dec-99 | 8,413.75 | 495.86 |
Jan-00 | 8,481.11 | 498.59 |
Feb-00 | 9,128.99 | 519.93 |
Mar-00 | 9,462.39 | 568.89 |
Apr-00 | 9,347.61 | 559.86 |
May-00 | 9,251.99 | 556.35 |
Jun-00 | 10,195.45 | 617.91 |
Jul-00 | 10,406.31 | 638.35 |
Aug-00 | 11,247.91 | 687.08 |
Sep-00 | 10,377.92 | 618.28 |
Oct-00 | 9,639.57 | 569.28 |
Nov-00 | 8,819.92 | 525.33 |
Dec-00 | 8,933.68 | 528.72 |
Jan/2001 | 9,321.87 | 554.84 |
Feb/2001 | 8,078.72 | 472.6 |
Mar/2001 | 7,608.00 | 443.04 |
Apr/2001 | 7,946.63 | 459 |
May/2001 | 8,161.87 | 471.09 |
Jun/2001 | 7,736.35 | 444.84 |
Jul/2001 | 7,689.69 | 445.15 |
Aug/2001 | 7,399.22 | 430.33 |
Sep/2001 | 6,838.56 | 398.2 |
Oct/2001 | 6,885.70 | 397.55 |
Nov/2001 | 7,425.65 | 431.78 |
Dec/2001 | 7,688.41 | 442.55 |
Jan/2002 | 7,648.49 | 438.92 |
Feb/2002 | 7,637.50 | 436.48 |
Mar/2002 | 7,851.47 | 446.74 |
Apr/2002 | 7,663.39 | 434.04 |
May/2002 | 7,656.13 | 429.17 |
Jun/2002 | 7,145.61 | 401.2 |
Jul/2002 | 6,605.42 | 371.06 |
Aug/2002 | 6,611.95 | 371.8 |
Sep/2002 | 6,180.42 | 345.06 |
Oct/2002 | 6,248.79 | 351.36 |
Nov/2002 | 6,570.42 | 372.63 |
Dec/2002 | 6,614.54 | 373.15 |
Jan/2003 | 6,569.49 | 370.48 |
Feb/2003 | 6,555.12 | 371.97 |
Mar/2003 | 6,343.29 | 361.23 |
Apr/2003 | 6,586.07 | 373.94 |
May/2003 | 6,859.80 | 388.11 |
Jun/2003 | 6,983.14 | 394.63 |
Jul/2003 | 7,257.92 | 409.03 |
Aug/2003 | 7,510.32 | 423.28 |
Sep/2003 | 7,421.13 | 416.58 |
Oct/2003 | 7,772.70 | 436.2 |
Nov/2003 | 7,859.39 | 438.25 |
Dec/2003 | 8,220.89 | 458.72 |
Jan/2004 | 8,521.39 | 476.64 |
Feb/2004 | 8,788.49 | 490.59 |
Mar/2004 | 8,585.93 | 475.59 |
Apr/2004 | 8,243.97 | 455.87 |
May/2004 | 8,417.32 | 463.61 |
Jun/2004 | 8,545.58 | 472.78 |
Jul/2004 | 8,458.07 | 469.34 |
Aug/2004 | 8,377.03 | 465.48 |
Sep/2004 | 8,668.29 | 482.19 |
Oct/2004 | 8,870.97 | 496.37 |
Nov/2004 | 9,030.05 | 501.18 |
Dec/2004 | 9,246.65 | 511.91 |
Jan/2005 | 9,204.05 | 506.75 |
Feb/2005 | 9,668.32 | 532.08 |
Mar/2005 | 9,612.38 | 533.87 |
Apr/2005 | 9,369.30 | 522.02 |
May/2005 | 9,607.30 | 536.89 |
Jun/2005 | 9,902.77 | 555.06 |
Jul/2005 | 10,422.93 | 585.02 |
Aug/2005 | 10,668.94 | 600.4 |
Sep/2005 | 11,011.83 | 620.04 |
Oct/2005 | 10,383.32 | 585.55 |
Nov/2005 | 10,824.14 | 611.09 |
Dec/2005 | 11,272.26 | 634.72 |
Jan/2006 | 11,945.64 | 672.69 |
Feb/2006 | 11,688.34 | 659.27 |
Mar/2006 | 12,110.61 | 682.54 |
Apr/2006 | 12,204.17 | 685.33 |
May/2006 | 11,744.52 | 657.38 |
Jun/2006 | 11,612.87 | 653.46 |
Jul/2006 | 11,830.96 | 667.43 |
Aug/2006 | 12,073.75 | 682.21 |
Sep/2006 | 11,761.27 | 673.16 |
Oct/2006 | 12,344.59 | 703.41 |
Nov/2006 | 12,752.38 | 732.35 |
Dec/2006 | 12,908.39 | 742.77 |
Jan/2007 | 13,034.12 | 747.47 |
Feb/2007 | 13,045.02 | 743.77 |
Mar/2007 | 13,165.50 | 752.45 |
Apr/2007 | 13,416.68 | 765.35 |
May/2007 | 14,056.78 | 804.47 |
Jun/2007 | 13,906.57 | 799.7 |
Jul/2007 | 13,868.63 | 799.42 |
Aug/2007 | 13,660.48 | 793.37 |
Sep/2007 | 14,098.89 | 817.39 |
Oct/2007 | 14,625.00 | 848.82 |
Nov/2007 | 13,689.12 | 798.5 |
Dec/2007 | 13,833.06 | 808.53 |
Jan/2008 | 13,155.10 | 772.56 |
Feb/2008 | 13,582.69 | 795.23 |
Mar/2008 | 13,350.13 | 783.44 |
Apr/2008 | 13,937.04 | 825.91 |
May/2008 | 14,714.73 | 878.42 |
Jun/2008 | 14,467.03 | 863.19 |
Jul/2008 | 13,592.91 | 811.73 |
Aug/2008 | 13,771.25 | 821.69 |
Sep/2008 | 11,752.90 | 707.34 |
Oct/2008 | 9,762.76 | 591.28 |
Nov/2008 | 9,270.62 | 563.09 |
Dec/2008 | 8,987.70 | 541.82 |
Jan/2009 | 8,694.90 | 523.28 |
Feb/2009 | 8,123.02 | 489.56 |
Mar/2009 | 8,720.39 | 528.68 |
Apr/2009 | 9,324.83 | 565.38 |
May/2009 | 10,370.07 | 632.47 |
Jun/2009 | 10,374.91 | 630.06 |
Jul/2009 | 10,787.15 | 654.56 |
Aug/2009 | 10,868.21 | 652.78 |
Sep/2009 | 11,394.96 | 680.75 |
Oct/2009 | 10,910.75 | 647.72 |
Nov/2009 | 11,447.20 | 680.26 |
Dec/2009 | 11,746.11 | 693.23 |
Jan/2010 | 11,094.31 | 648.53 |
Feb/2010 | 11,629.63 | 680.76 |
Mar/2010 | 12,037.73 | 706.81 |
Apr/2010 | 12,210.70 | 716.05 |
May/2010 | 11,762.99 | 691.63 |
Jun/2010 | 11,294.42 | 662.05 |
Jul/2010 | 11,713.43 | 685.03 |
Aug/2010 | 11,913.86 | 694.05 |
Sep/2010 | 12,368.65 | 715.07 |
Oct/2010 | 12,676.24 | 728.09 |
Nov/2010 | 12,952.88 | 741.34 |
Dec/2010 | 13,443.22 | 768.65 |
Jan/2011 | 13,551.99 | 778.65 |
Feb/2011 | 14,136.50 | 813.29 |
Mar/2011 | 14,116.10 | 810.86 |
Apr/2011 | 13,944.79 | 797.9 |
May/2011 | 13,802.88 | 789.12 |
Jun/2011 | 13,300.87 | 763.9 |
Jul/2011 | 12,945.63 | 733.3 |
Aug/2011 | 12,768.70 | 728.2 |
Sep/2011 | 11,623.84 | 667.08 |
Oct/2011 | 12,252.06 | 698.04 |
Nov/2011 | 12,204.11 | 695.49 |
Dec/2011 | 11,955.09 | 680.87 |
Jan/2012 | 12,452.15 | 709.18 |
Feb/2012 | 12,644.01 | 718.86 |
Mar/2012 | 12,392.18 | 706.96 |
Apr/2012 | 12,292.69 | 699.79 |
May/2012 | 11,513.21 | 656.5 |
Jun/2012 | 11,596.56 | 663.62 |
Jul/2012 | 11,664.71 | 665.46 |
Aug/2012 | 11,949.26 | 683.47 |
Sep/2012 | 12,317.46 | 702.87 |
Oct/2012 | 12,422.91 | 711.58 |
Nov/2012 | 12,239.36 | 702.59 |
Dec/2012 | 12,433.53 | 713.72 |
Jan/2013 | 12,685.24 | 727.76 |
Feb/2013 | 12,821.83 | 738.55 |
Mar/2013 | 12,749.90 | 731.34 |
Apr/2013 | 12,456.50 | 710.71 |
May/2013 | 12,650.42 | 726.27 |
Jun/2013 | 12,129.11 | 695.52 |
Jul/2013 | 12,486.64 | 714.68 |
Aug/2013 | 12,653.90 | 727.13 |
Sep/2013 | 12,787.20 | 732.89 |
Oct/2013 | 13,361.26 | 767.47 |
Nov/2013 | 13,395.40 | 771.86 |
Dec/2013 | 13,621.55 | 783.75 |
Jan/2014 | 13,694.94 | 785.53 |
Feb/2014 | 14,209.59 | 813.25 |
Mar/2014 | 14,335.31 | 820.51 |
Apr/2014 | 14,651.87 | 837.58 |
May/2014 | 14,604.16 | 836.6 |
Jun/2014 | 15,146.01 | 866.04 |
Jul/2014 | 15,330.74 | 884.33 |
Aug/2014 | 15,625.73 | 898.26 |
Sep/2014 | 14,960.51 | 864.24 |
Oct/2014 | 14,613.32 | 849.5 |
Nov/2014 | 14,744.70 | 863.04 |
Dec/2014 | 14,632.44 | 854.85 |
Jan/2015 | 14,673.48 | 857.34 |
Feb/2015 | 15,234.34 | 890.4 |
Mar/2015 | 14,902.44 | 869.28 |
Apr/2015 | 15,224.52 | 886.56 |
May/2015 | 15,014.09 | 875.04 |
Jun/2015 | 14,553.33 | 847.78 |
Jul/2015 | 14,468.44 | 853.4 |
Aug/2015 | 13,859.12 | 815.45 |
Sep/2015 | 13,306.96 | 784.51 |
Oct/2015 | 13,529.17 | 794.49 |
Nov/2015 | 13,469.83 | 791.8 |
Dec/2015 | 13,009.95 | 764.54 |
Jan/2016 | 12,822.13 | 754.85 |
Feb/2016 | 12,860.35 | 755.27 |
Mar/2016 | 13,494.36 | 790.93 |
Apr/2016 | 13,951.45 | 815.46 |
May/2016 | 14,065.78 | 821.06 |
Jun/2016 | 14,064.54 | 817.65 |
Jul/2016 | 14,582.74 | 847.4 |
Aug/2016 | 14,597.95 | 851.38 |
Sep/2016 | 14,725.86 | 858.47 |
Oct/2016 | 14,787.27 | 868.38 |
Nov/2016 | 15,082.85 | 888.3 |
Dec/2016 | 15,287.59 | 900.05 |
Jan/2017 | 15,385.96 | 909.19 |
Feb/2017 | 15,399.24 | 907.57 |
Mar/2017 | 15,547.75 | 915.58 |
Apr/2017 | 15,586.13 | 918.9 |
May/2017 | 15,349.91 | 906.38 |
Jun/2017 | 15,182.19 | 892.65 |
Jul/2017 | 15,143.87 | 891.19 |
Aug/2017 | 15,211.87 | 892.56 |
Sep/2017 | 15,634.94 | 921.79 |
Oct/2017 | 16,025.59 | 947.17 |
Nov/2017 | 16,067.48 | 952.04 |
Dec/2017 | 16,209.13 | 959.69 |
Jan/2018 | 15,951.67 | 944.41 |
Feb/2018 | 15,442.68 | 913.9 |
Mar/2018 | 15,367.29 | 908.99 |
Apr/2018 | 15,607.88 | 921.43 |
May/2018 | 16,061.50 | 950.45 |
Jun/2018 | 16,277.73 | 965.32 |
Jul/2018 | 16,434.01 | 979.38 |
Aug/2018 | 16,262.88 | 965.73 |
Sep/2018 | 16,073.14 | 952.28 |
Oct/2018 | 15,027.28 | 895.08 |
Nov/2018 | 15,197.82 | 913.29 |
Dec/2018 | 14,322.86 | 859.32 |
Jan/2019 | 15,540.60 | 929.25 |
Feb/2019 | 15,999.01 | 953.91 |
Mar/2019 | 16,102.09 | 959.5 |
Apr/2019 | 16,580.73 | 994.53 |
May/2019 | 16,037.49 | 961.89 |
Jun/2019 | 16,382.20 | 979.6 |
Jul/2019 | 16,406.56 | 979.73 |
Aug/2019 | 16,442.07 | 982.45 |
Sep/2019 | 16,658.63 | 997.93 |
Oct/2019 | 16,483.16 | 986.33 |
Nov/2019 | 17,040.20 | 1,018.62 |
Dec/2019 | 17,063.43 | 1,014.92 |
Jan/2020 | 17,318.49 | 1,032.97 |
Feb/2020 | 16,263.05 | 972.15 |
Mar/2020 | 13,378.75 | 819.89 |
Apr/2020 | 14,780.74 | 891.63 |
May/2020 | 15,192.83 | 917.17 |
Jun/2020 | 15,515.22 | 934.21 |
Jul/2020 | 16,169.20 | 968.67 |
Aug/2020 | 16,514.44 | 990.52 |
Sep/2020 | 16,121.38 | 967.27 |
Oct/2020 | 15,580.64 | 928.9 |
Nov/2020 | 17,190.25 | 1,023.52 |
Dec/2020 | 17,433.36 | 1,034.76 |
Jan/2021 | 17,337.02 | 1,026.60 |
Feb/2021 | 18,060.26 | 1,073.42 |
Mar/2021 | 18,700.67 | 1,117.15 |
Apr/2021 | 19,108.33 | 1,138.85 |
May/2021 | 19,730.99 | 1,180.14 |
Jun/2021 | 20,165.58 | 1,209.15 |
Jul/2021 | 20,287.80 | 1,216.15 |
Aug/2021 | 20,582.94 | 1,231.33 |
Sep/2021 | 20,070.25 | 1,203.34 |
Oct/2021 | 21,037.07 | 1,265.19 |
Nov/2021 | 20,659.99 | 1,248.56 |
Dec/2021 | 21,222.84 | 1,286.86 |
Jan/2022 | 21,098.29 | 1,281.96 |
Feb/2022 | 21,126.36 | 1,278.42 |
Mar/2022 | 21,890.16 | 1,322.67 |
Apr/2022 | 20,762.00 | 1,255.54 |
May/2022 | 20,729.34 | 1,254.79 |
Jun/2022 | 18,861.36 | 1,146.43 |
Jul/2022 | 19,692.92 | 1,187.97 |
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