Question
Refer to the data below which contains the percentage change (X) in a stock market index over the first five trading days of the year
Refer to the data below which contains the percentage change (X) in a stock market index over the first five trading days of the year and percentage change (Y) in the index over the whole year. Complete parts a and b.
(X) | 1.6 | 0.2 | 0.2 | 2.7 | 2.2 | 1.7 | 1.6 | 5.6 | 1.3 | 1.4 | 1.5 | 4.7 | 0.5 | |
(Y) | 14.9 | 9.4 | 19.7 | 20.1 | 3.6 | 27.7 | 22.7 | 2.2 | 11.8 | 26 | 4.1 | 20.3 | 0.1 |
a. Estimate the linear regression of Y on X.
yi=_______+_______xi
(Round to four decimal places as needed.)
b. Provide interpretations of the intercept and slope of the sample regression line.
For a one percent (gain/loss) over the first five trading days of the year, estimates would predict a change of (1.8837/ 11.411.4/ 12.1535/ 0.4/ 0/ 0.3754) % over the whole year. If there is a zero percent change over the first five trading days of the year, estimates would predict a change of
(1.8837/ 12.1535/ 0.4/ 11.4/ 0.3754/ 0) % over the whole year.
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