Afile 500 Date February 10 February 17 February 24 March 2 March 9 March 16 March 23 March 30 April 5 April 13 DJIA 12,801 12,950 12,983 12,978 12,922 13,233 13,081 13,212 13,060 12,850 Source: Barron's website, (http://www.barrons.com/data) S&P 1343 1362 1366 1370 1371 1404 1397 1408 1398 1370 a. Develop a scatter diagram with DJIA as the independent variable. b. Develop the estimated regression equation. c. Test for a significant relationship. Use a = .05. d. Did the estimated regression equation provide a good fit? Explain. e. Suppose that the closing price for the DJIA is 13,500. Predict the closing price for the S&P 500. f. Should we be concerned that the DJIA value of 13,500 used to predict the S&P 500 value in part (e) is beyond the range of the data used to develop the estimated
Afile 500 Date February 10 February 17 February 24 March 2 March 9 March 16 March 23 March 30 April 5 April 13 DJIA 12,801 12,950 12,983 12,978 12,922 13,233 13,081 13,212 13,060 12,850 Source: Barron's website, (http://www.barrons.com/data) S&P 1343 1362 1366 1370 1371 1404 1397 1408 1398 1370 a. Develop a scatter diagram with DJIA as the independent variable. b. Develop the estimated regression equation. c. Test for a significant relationship. Use a = .05. d. Did the estimated regression equation provide a good fit? Explain. e. Suppose that the closing price for the DJIA is 13,500. Predict the closing price for the S&P 500. f. Should we be concerned that the DJIA value of 13,500 used to predict the S&P 500 value in part (e) is beyond the range of the data used to develop the estimated
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.4: Combining And Decomposing Functions
Problem 18E
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