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The graph below shows the plot of the log prices for SPOT denoted by LSPOT and FUTURES denoted by LFUTURES. (a) Is the statement LFUTURES

The graph below shows the plot of the log prices for SPOT denoted by LSPOT and FUTURES denoted by LFUTURES.

(a) Is the statement "LFUTURES leads LSPOT" true or false? Explain

(b) Is this the correct regression to run? Explain based on your answer in (a).

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