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Does variation in S&P 500 values can be explained satisfactorily using all or any combination of remaining variables - Dow jones, Nasdaq, Crude Oil, Gold,
Does variation in S&P 500 values can be explained satisfactorily using all or any combination of remaining variables - Dow jones, Nasdaq, Crude Oil, Gold, and USD/EUR? Apply appropriate Page | 3 statistical test to answer question. Use data collected on "Stock Market Raw Data" tab. Assume alpha value of 5% as required.
Date | S&P 500 Adj Close | Dow Jones Adj Close | Nasdaq Adj Close | Crude Oil Adj Close | Gold Adj Close | USD/EUR X Rate Adj Close |
8-Jan-24 | 4,815.50 | 37,927.00 | 16,966.25 | 72.68 | 2,014.30 | 1.0982 |
1-Jan-24 | 4,734.75 | 37,719.00 | 16,460.25 | 73.81 | 2,042.40 | 1.0957 |
25-Dec-23 | 4,820.00 | 38,012.00 | 17,023.50 | 71.65 | 2,062.40 | 1.1056 |
18-Dec-23 | 4,805.25 | 37,740.00 | 16,980.00 | 73.56 | 2,057.10 | 1.1027 |
11-Dec-23 | 4,694.27 | 36,996.45 | 16,530.23 | 71.43 | 2,021.10 | 1.0909 |
4-Dec-23 | 4,607.50 | 36,280.00 | 16,098.25 | 71.23 | 1,998.30 | 1.0775 |
27-Nov-23 | 4,600.75 | 36,303.00 | 16,023.75 | 74.07 | 2,071.00 | 1.0894 |
20-Nov-23 | 4,568.25 | 35,430.00 | 16,021.00 | 75.54 | 2,002.20 | 1.0951 |
13-Nov-23 | 4,527.50 | 35,012.00 | 15,895.75 | 75.89 | 1,981.60 | 1.0918 |
6-Nov-23 | 4,430.50 | 34,338.00 | 15,596.25 | 77.17 | 1,932.60 | 1.0716 |
29-Oct-23 | 4,376.00 | 34,137.00 | 15,178.75 | 80.51 | 1,991.50 | 1.0739 |
22-Oct-23 | 4,137.75 | 32,504.00 | 14,265.25 | 85.54 | 1,988.60 | 1.058 |
15-Oct-23 | 4,248.50 | 33,258.00 | 14,664.00 | 88.75 | 1,982.50 | 1.0603 |
8-Oct-23 | 4,357.25 | 33,827.00 | 15,120.25 | 87.69 | 1,927.40 | 1.0516 |
1-Oct-23 | 4,341.50 | 33,600.00 | 15,112.00 | 82.79 | 1,830.20 | 1.0602 |
24-Sep-23 | 4,325.50 | 33,725.00 | 14,866.50 | 90.79 | 1,848.10 | 1.0588 |
17-Sep-23 | 4,361.00 | 34,232.00 | 14,869.50 | 90.03 | 1,925.40 | 1.0673 |
10-Sep-23 | 4,491.72 | 34,914.63 | 15,435.20 | 90.77 | 1,923.70 | 1.0675 |
3-Sep-23 | 4,461.75 | 34,608.00 | 15,297.50 | 87.51 | 1,918.40 | 1.0714 |
27-Aug-23 | 4,521.50 | 34,882.00 | 15,516.25 | 85.55 | 1,939.80 | 1.0797 |
20-Aug-23 | 4,414.25 | 34,377.00 | 14,979.25 | 79.83 | 1,911.10 | 1.0796 |
13-Aug-23 | 4,382.75 | 34,565.00 | 14,744.00 | 81.25 | 1,886.10 | 1.089 |
6-Aug-23 | 4,480.75 | 35,351.00 | 15,095.75 | 83.19 | 1,912.90 | 1.0965 |
30-Jul-23 | 4,498.00 | 35,153.00 | 15,354.00 | 82.82 | 1,939.60 | 1.1027 |
23-Jul-23 | 4,606.50 | 35,592.00 | 15,847.50 | 80.58 | 1,960.40 | 1.1033 |
16-Jul-23 | 4,564.75 | 35,398.00 | 15,540.00 | 77.07 | 1,964.30 | 1.1135 |
9-Jul-23 | 4,536.75 | 34,678.00 | 15,694.25 | 75.42 | 1,960.10 | 1.1249 |
2-Jul-23 | 4,434.00 | 33,937.00 | 15,181.75 | 73.86 | 1,926.20 | 1.0976 |
25-Jun-23 | 4,488.25 | 34,643.00 | 15,337.00 | 70.64 | 1,921.10 | 1.0918 |
18-Jun-23 | 4,389.00 | 33,977.00 | 15,058.25 | 69.16 | 1,919.10 | 1.0934 |
11-Jun-23 | 4,453.35 | 34,582.19 | 15,316.61 | 71.78 | 1,958.40 | 1.0963 |
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Step 1 Data Preparation We have the following data for our analysis Date SP 500 Adj Close Dow Jones Adj Close Nasdaq Adj Close Crude Oil Adj Close Gol...
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