Computer Lab 5b

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School

Miami University *

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125

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Industrial Engineering

Date

Dec 6, 2023

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docx

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Uploaded by ProfMole15339

Computer Lab 5b The JMP file attached to this assignment shows the daily closing price for the S&P 500, the NASDAQ, Gold, and Silver. For your analysis you are to use Gold as the dependent (response) variable and NASDAQ, SP500, and Silver as the independent (predictor) variables. So you will build three different models; one using NASDAQ as the independent variable, one using SP500 as the independent variable, and one using Silver as the independent variable. 1. Use Graph Builder to find the three different models and their associated value of R^2. Paste the output here:

2. Which model is the best predictor of price of gold? I believe that the silver model is the best model.

3. Report and interpret in context the value of the slope of the best model. The slope is 23.06 meaning that for every increase in the price of sliver the price of gold will increase by 23.06. 4. Report and interpret in context the value of R^2 for the best model. The R^2 is 0.931 which means it 93.1% of observed variation.

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Computer Lab 5b

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