Computer Lab 8

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Miami University *

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125

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Industrial Engineering

Date

Apr 3, 2024

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docx

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Uploaded by ElderSeahorse4241

Computer Lab 8 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 SP500 as the independent (predictor) variable. 1. Use Graph Builder to find the model and its associated value of R^2. Paste the output here: 2. What is the model that has been fit to the data? Gold=1859-0.6921*(SP500) 3. Report and interpret in context the value of the slope. On average when SP500 increases by 1, Gold increases by .6921 4. Report and interpret in context the value of the y-intercept. On average when SP500 is 0, Gold increases is 1859 Which is irrelevant

5. Report and interpret in context the value of R^2. 43% of the variability of the Gold is explained by the model 6. For a day where closing price of SP500 = 1300 predict the closing price of gold. The price of gold would be $959.27

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Computer Lab 8

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