Does variation in S P 500 values can be explained satisfactorily using all or any combination of remaining variables Dow jones, Nasdaq, Crude Oil, Gold, and USD EUR Apply appropriate Page 3 statistical test to answer question Use data collected on Stock Market Raw Data tab Assume alpha value of 5 as required Date S P 500 Adj Close Dow Jones Adj Close Nasdaq Adj Close Crude Oil Adj Close Gold Adj Close USD EUR X Rate Adj Close 8 Jan 24 4,815 50 37,927 00 16,966 25 72 68 2,014 30 1 0982 1 Jan 24 4,734 75 37,719 00 16,460 25 73 81 2,042 40 1 0957 25 Dec 23 4,820 00 38,012 00 17,023 50 71 65 2,062 40 1 1056 18 Dec 23 4,805 25 37,740 00 16,980 00 73 56 2,057 10 1 1027 11 Dec 23 4,694 27 36,996 45 16,530 23 71 43 2,021 10 1 0909 4 Dec 23 4,607 50 36,280 00 16,098 25 71 23 1,998 30 1 0775 27 Nov 23 4,600 75 36,303 00 16,023 75 74 07 2,071 00 1 0894 20 Nov 23 4,568 25 35,430 00 16,021 00 75 54 2,002 20 1 0951 13 Nov 23 4,527 50 35,012 00 15,895 75 75 89 1,981 60 1 0918 6 Nov 23 4,430 50 34,338 00 15,596 25 77 17 1,932 60 1 0716 29 Oct 23 4,376 00 34,137 00 15,178 75 80 51 1,991 50 1 0739 22 Oct 23 4,137 75 32,504 00 14,265 25 85 54 1,988 60 1 058 15 Oct 23 4,248 50 33,258 00 14,664 00 88 75 1,982 50 1 0603 8 Oct 23 4,357 25 33,827 00 15,120 25 87 69 1,927 40 1 0516 1 Oct 23 4,341 50 33,600 00 15,112 00 82 79 1,830 20 1 0602 24 Sep 23 4,325 50 33,725 00 14,866 50 90 79 1,848 10 1 0588 17 Sep 23 4,361 00 34,232 00 14,869 50 90 03 1,925 40 1 0673 10 Sep 23 4,491 72 34,914 63 15,435 20 90 77 1,923 70 1 0675 3 Sep 23 4,461 75 34,608 00 15,297 50 87 51 1,918 40 1 0714 27 Aug 23 4,521 50 34,882 00 15,516 25 85 55 1,939 80 1 0797 20 Aug 23 4,414 25 34,377 00 14,979 25 79 83 1,911 10 1 0796 13 Aug 23 4,382 75 34,565 00 14,744 00 81 25 1,886 10 1 089 6 Aug 23 4,480 75 35,351 00 15,095 75 83 19 1,912 90 1 0965 30 Jul 23 4,498 00 35,153 00 15,354 00 82 82 1,939 60 1 1027 23 Jul 23 4,606 50 35,592 00 15,847 50 80 58 1,960 40 1 1033 16 Jul 23 4,564 75 35,398 00 15,540 00 77 07 1,964 30 1 1135 9 Jul 23 4,536 75 34,678 00 15,694 25 75 42 1,960 10 1 1249 2 Jul 23 4,434 00 33,937 00 15,181 75 73 86 1,926 20 1 0976 25 Jun 23 4,488 25 34,643 00 15,337 00 70 64 1,921 10 1 0918 18 Jun 23 4,389 00 33,977 00 15,058 25 69 16 1,919 10 1 0934 11 Jun 23 4,453 35 34,582 19 15,316 61 71 78 1,958 40 1 0963

Question: Does variation in S&P 500 values can be explained satisfactorily using all or any combination of remaining variables - Dow jones, Nasdaq, Crude Oil, Gold,

Does variation in S&P 500 values can be explained satisfactorily using all or any combination of remaining variables - Dow jones, Nasdaq, Crude Oil, Gold, and USD/EUR? Apply appropriate Page | 3 statistical test to answer question. Use data collected on "Stock Market Raw Data" tab. Assume alpha value of 5% as required.

Date	S&P 500 Adj Close	Dow Jones Adj Close	Nasdaq Adj Close	Crude Oil Adj Close	Gold Adj Close	USD/EUR X Rate Adj Close
8-Jan-24	4,815.50	37,927.00	16,966.25	72.68	2,014.30	1.0982
1-Jan-24	4,734.75	37,719.00	16,460.25	73.81	2,042.40	1.0957
25-Dec-23	4,820.00	38,012.00	17,023.50	71.65	2,062.40	1.1056
18-Dec-23	4,805.25	37,740.00	16,980.00	73.56	2,057.10	1.1027
11-Dec-23	4,694.27	36,996.45	16,530.23	71.43	2,021.10	1.0909
4-Dec-23	4,607.50	36,280.00	16,098.25	71.23	1,998.30	1.0775
27-Nov-23	4,600.75	36,303.00	16,023.75	74.07	2,071.00	1.0894
20-Nov-23	4,568.25	35,430.00	16,021.00	75.54	2,002.20	1.0951
13-Nov-23	4,527.50	35,012.00	15,895.75	75.89	1,981.60	1.0918
6-Nov-23	4,430.50	34,338.00	15,596.25	77.17	1,932.60	1.0716
29-Oct-23	4,376.00	34,137.00	15,178.75	80.51	1,991.50	1.0739
22-Oct-23	4,137.75	32,504.00	14,265.25	85.54	1,988.60	1.058
15-Oct-23	4,248.50	33,258.00	14,664.00	88.75	1,982.50	1.0603
8-Oct-23	4,357.25	33,827.00	15,120.25	87.69	1,927.40	1.0516
1-Oct-23	4,341.50	33,600.00	15,112.00	82.79	1,830.20	1.0602
24-Sep-23	4,325.50	33,725.00	14,866.50	90.79	1,848.10	1.0588
17-Sep-23	4,361.00	34,232.00	14,869.50	90.03	1,925.40	1.0673
10-Sep-23	4,491.72	34,914.63	15,435.20	90.77	1,923.70	1.0675
3-Sep-23	4,461.75	34,608.00	15,297.50	87.51	1,918.40	1.0714
27-Aug-23	4,521.50	34,882.00	15,516.25	85.55	1,939.80	1.0797
20-Aug-23	4,414.25	34,377.00	14,979.25	79.83	1,911.10	1.0796
13-Aug-23	4,382.75	34,565.00	14,744.00	81.25	1,886.10	1.089
6-Aug-23	4,480.75	35,351.00	15,095.75	83.19	1,912.90	1.0965
30-Jul-23	4,498.00	35,153.00	15,354.00	82.82	1,939.60	1.1027
23-Jul-23	4,606.50	35,592.00	15,847.50	80.58	1,960.40	1.1033
16-Jul-23	4,564.75	35,398.00	15,540.00	77.07	1,964.30	1.1135
9-Jul-23	4,536.75	34,678.00	15,694.25	75.42	1,960.10	1.1249
2-Jul-23	4,434.00	33,937.00	15,181.75	73.86	1,926.20	1.0976
25-Jun-23	4,488.25	34,643.00	15,337.00	70.64	1,921.10	1.0918
18-Jun-23	4,389.00	33,977.00	15,058.25	69.16	1,919.10	1.0934
11-Jun-23	4,453.35	34,582.19	15,316.61	71.78	1,958.40	1.0963

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