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Now estimate the Beta for GOLD using dat from jan-80/dec-85. Construct a 95% confidence interval for Beta. Has anything changed? Comment on supply and demand

Now estimate the Beta for GOLD using dat from jan-80/dec-85. Construct a 95% confidence interval for Beta. Has anything changed? Comment on supply and demand factors possibly alterating the Beta of gold

date gold market76 rkfree76
1-Jan-76 -0.10386 0.156 0.00369
1-Feb-76 0.05101 0.069 0.00369
1-Mar-76 0.01071 0.01 0.0039
1-Apr-76 -0.03494 -0.012 0.00383
1-May-76 -0.00771 0.005 0.00415
1-Jun-76 -0.00965 0.016 0.00431
1-Jul-76 -0.06505 -0.017 0.00416
1-Aug-76 -0.06703 -0.016 0.00389
1-Sep-76 0.04142 0.007 0.00412
1-Oct-76 0.01736 -0.029 0.00386
1-Nov-76 0.12637 0 0.00355
1-Dec-76 0.02306 0.111 0.00345
1-Jan-77 -0.01109 0.015 0.00372
1-Feb-77 0.02874 -0.012 0.00362
1-Mar-77 0.08703 0.008 0.00367
1-Apr-77 0.007 0.004 0.00359
1-May-77 -0.01637 -0.005 0.00394
1-Jun-77 -0.04394 0.07 0.004
1-Jul-77 0.04845 -0.002 0.00435
1-Aug-77 -0.01301 -0.023 0.00445
1-Sep-77 0.03048 0.008 0.00476
1-Oct-77 0.06156 -0.051 0.00473
1-Nov-77 -0.02912 0.083 0.0045
1-Dec-77 0.04163 0.039 0.00467
1-Jan-78 0.07788 -0.045 0.00487
1-Feb-78 0.02821 0.01 0.00494
1-Mar-78 0.03057 0.05 0.00526
1-Apr-78 -0.04548 0.063 0.00491
1-May-78 0.0045 0.067 0.00513
1-Jun-78 0.04295 0.007 0.00527
1-Jul-78 0.02814 0.071 0.00528
1-Aug-78 0.09005 0.079 0.00607
1-Sep-78 0.02977 0.002 0.00645
1-Oct-78 0.07194 -0.189 0.00685
1-Nov-78 -0.09443 0.084 0.00719
1-Dec-78 0.00941 0.015 0.0069
1-Jan-79 0.09336 0.058 0.00761
1-Feb-79 0.08042 0.011 0.00761
1-Mar-79 -0.01428 0.123 0.00769
1-Apr-79 -0.01333 0.026 0.00764
1-May-79 0.07745 0.014 0.00772
1-Jun-79 0.08434 0.075 0.00715
1-Jul-79 0.05802 -0.013 0.00728
1-Aug-79 0.02064 0.095 0.00789
1-Sep-79 0.18394 0.039 0.00802
1-Oct-79 0.09749 -0.097 0.00913
1-Nov-79 0.00163 0.116 0.00819
1-Dec-79 0.16912 0.086 0.00747
1-Jan-80 0.47437 0.124 0.00883
1-Feb-80 -0.01418 0.112 0.01073
1-Mar-80 -0.1682 -0.243 0.01181
1-Apr-80 -0.06696 0.08 0.00753
1-May-80 -0.0074 0.062 0.0063
1-Jun-80 0.16878 0.086 0.00503
1-Jul-80 0.07083 0.065 0.00602
1-Aug-80 -0.02459 0.025 0.00731
1-Sep-80 0.07699 0.015 0.0086
1-Oct-80 -0.02162 0.006 0.00895
1-Nov-80 -0.05855 0.092 0.01137
1-Dec-80 -0.04421 -0.056 0.00977
1-Jan-81 -0.06308 -0.014 0.01092
1-Feb-81 -0.1025 -0.009 0.01096
1-Mar-81 -0.003 0.067 0.01025
1-Apr-81 -0.00774 -0.008 0.01084
1-May-81 -0.03053 0.064 0.01255
1-Jun-81 -0.03966 -0.003 0.01128
1-Jul-81 -0.1126 -0.033 0.01154
1-Aug-81 0.00494 -0.031 0.01169
1-Sep-81 0.0808 -0.164 0.01054
1-Oct-81 -0.0143 0.062 0.01003
1-Nov-81 -0.05686 0.069 0.00816
1-Dec-81 -0.00855 -0.039 0.0074
1-Jan-82 -0.06156 -0.079 0.00949
1-Feb-82 -0.02619 -0.101 0.00946
1-Mar-82 -0.11714 -0.028 0.01067
1-Apr-82 0.06141 0.041 0.00972
1-May-82 -0.0461 0.003 0.00908
1-Jun-82 -0.05799 -0.078 0.00914
1-Jul-82 0.07975 -0.006 0.00714
1-Aug-82 0.07607 0.122 0.00503
1-Sep-82 0.19015 0.008 0.00563
1-Oct-82 -0.03079 0.136 0.0062
1-Nov-82 -0.01897 0.049 0.00614
1-Dec-82 0.07367 0.014 0.00648
1-Jan-83 0.07919 0.065 0.00646
1-Feb-83 0.02199 0.028 0.00599
1-Mar-83 -0.14419 0.043 0.00686
1-Apr-83 0.02952 0.097 0.00652
1-May-83 0.01291 0.08 0.00649
1-Jun-83 -0.05673 0.048 0.00673
1-Jul-83 0.0256 -0.017 0.00714
1-Aug-83 -0.01686 -0.034 0.00668
1-Sep-83 -0.01158 0 0.00702
1-Oct-83 -0.04246 -0.082 0.00678
1-Nov-83 -0.02957 0.066 0.00683
1-Dec-83 0.01488 -0.012 0.00693
1-Jan-84 -0.04322 -0.029 0.00712
1-Feb-84 0.04059 -0.03 0.00672
1-Mar-84 0.02159 0.003 0.00763
1-Apr-84 -0.03213 -0.003 0.00741
1-May-84 -0.01126 -0.058 0.00627
1-Jun-84 0.00103 0.005 0.00748
1-Jul-84 -0.08266 -0.058 0.00771
1-Aug-84 0.0036 0.146 0.00852
1-Sep-84 -0.01942 0 0.0083
1-Oct-84 -0.00217 -0.035 0.00688
1-Nov-84 0.00285 -0.019 0.00602
1-Dec-84 -0.06479 -0.001 0.00612
1-Jan-85 -0.06265 0.097 0.00606
1-Feb-85 0.0172 0.012 0.00586
1-Mar-85 -0.044 0.008 0.0065
1-Apr-85 0.13447 -0.01 0.00601
1-May-85 -0.02165 0.019 0.00512
1-Jun-85 -0.01393 -0.003 0.00536
1-Jul-85 -0.00816 0.012 0.00562
1-Aug-85 0.03275 0.005 0.00545
1-Sep-85 -0.0144 -0.055 0.00571
1-Oct-85 0.01663 0.026 0.00577
1-Nov-85 -0.00413 0.059 0.0054
1-Dec-85 -0.02318 0.013 0.00479
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