The Dailydow.xlsx file gives daily values for the Dow Jones Industrial Average Index during the period 19962010.
Question:
The Dailydow.xlsx file gives daily values for the Dow Jones Industrial Average Index during the period 1996–2010. What is the R-squared value when you predict tomorrow’s Dow Jones from today’s values? Does this high R-squared value mean that the market is easy to predict?
Date | Dow |
1/2/1996 | 5177.45 |
1/3/1996 | 5194.07 |
1/4/1996 | 5173.84 |
1/5/1996 | 5181.43 |
1/8/1996 | 5197.7 |
1/9/1996 | 5130.13 |
1/10/1996 | 5032.94 |
1/11/1996 | 5065.1 |
1/12/1996 | 5061.12 |
1/15/1996 | 5043.78 |
1/16/1996 | 5088.22 |
1/17/1996 | 5066.9 |
1/18/1996 | 5124.35 |
1/19/1996 | 5184.68 |
1/22/1996 | 5219.36 |
1/23/1996 | 5192.27 |
1/24/1996 | 5242.84 |
1/25/1996 | 5216.83 |
1/26/1996 | 5271.75 |
1/29/1996 | 5304.98 |
1/30/1996 | 5381.21 |
1/31/1996 | 5395.3 |
2/1/1996 | 5405.06 |
2/2/1996 | 5373.99 |
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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