Consider the following output for a simple regression of company XYZ weekly stock prices vs. the S&P500
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Question:
Consider the following output for a simple regression of company XYZ weekly stock prices vs. the S&P500 stock index, for the period January 2004 through August 2006. Consider XYZ's stock price to be the dependent variable and the S&P500 index to be the independent variable.
The actual observed value of XYZ's stock prices was 65.00 when the S&P500 index reached 1500. Using the above regression model, what is the value of the residual in XYZ's stock price corresponding to an S&P500 index value of 1500?
a. $3.65
b. $5.00
c. $4.35
d. $3.65
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