Question: Please show your work and explain how you got your answer along the way. Do not simply show an answer or show a picture of

Please show your work and explain how you got your answer along the way. Do not simply show an answer or show a picture of an excel spreadsheet please.

The following table gives data on daily dollar changes in the spot price and the futures price for a certain commodity. Use the data to calculate a minimum variance hedge ratio.

day	1	2	3	4	5
Spot Price Change	+0.51	+0.50	?0.40	?0.46	+0.5
Futures Price Change	+0.47	+0.52	?0.27	?0.4	+0.60
day	6	7	8	9	10
Spot Price Change	+0.1	+0.1	+0.65	?0.51	?0.53
Futures Price Change	?0.06	+0.15	+0.80	?0.75	?0.64

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