Analyzing Dependence of Key Macroeconomic Variables on BSE Using Regression
نویسندگان
چکیده
This paper aims to analyze the dependence of key macroeconomic variables on Bombay Stock Exchange (BSE) Sensex using regression modelling technique in RStudio. Monthly data points spanning a period from 2012 2019 has been used for empirical investigation. The results model indicate that long-term interest rate (LTINT), consumer price index (CPI), and Morgan Stanley Capital International (MSCI) are found be significant while industrial production (IIP) foreign exchange (FX) insignificant. Also, value or r-square indicates 93% variation dependent variable is explained by selected independent variables. dataset was checked normality linearity appropriate graphs. this will immense use investors predicting stock movement.
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ژورنال
عنوان ژورنال: International journal of applied behavioral economics
سال: 2022
ISSN: ['2160-9810', '2160-9802']
DOI: https://doi.org/10.4018/ijabe.308782