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Using the following 5 year data series, calculate the correlation between interest rates and US new home sales. Year Home sales (thousands) Interest rate (%)
Using the following 5 year data series, calculate the correlation between interest rates and US new home sales.
| Year | Home sales (thousands) | Interest rate (%) |
| 1 | 520 | 8 |
| 2 | 673 | 5 |
| 3 | 631 | 3 |
| 4 | 581 | 8 |
| 5 | 658 | 10 |
The answer is -.263
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
