Returns on stocks X and Y are listed below: Period Stock X Stock Y 1 2 3 4 5 9% 6% 1% 8% -1% -2% 9% 5% 12% -1% 6 7 3% 10% 6% 5% What is the correlation of returns on the two stocks? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full- precision result you would obtain using Excel.
Returns on stocks X and Y are listed below: Period Stock X Stock Y 1 2 3 4 5 9% 6% 1% 8% -1% -2% 9% 5% 12% -1% 6 7 3% 10% 6% 5% What is the correlation of returns on the two stocks? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full- precision result you would obtain using Excel.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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