Gold Trackers monitors the price of precious metals, and has daily data on prices and sales of
Question:
Gold Trackers monitors the price of precious metals, and has daily data on prices and sales of gold for the past several years. One of their new MBA financial wizards has estimated the following relationship for gold sales in the past year of trading (250 observations):
Q = 4000 - 0.01 P + 1.5 I - 1.25 X + 2.0 S
(857) (0.002) (0.65) ( 0.44) (0.48)
R2= 0.96
Where Q = daily sale of gold in ounces, P is the price of gold in dollars per ounce, I is the most recent one-month report on US CPI inflation (in percent), X is an index on the exchange rate of the US dollar compared to seven other currencies, and S is the market price of an ounce of silver in dollars. Standard errors are in parentheses.
a) Evaluate the results of this regression. Compute t-statistics and F-statistic.
I need help with computing t-stats and F-stats please!