Correlation Between Oil and Gold Silver Using Regression Analysis

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Introduction Multi Commodity Exchange of India (MCX) is a demutualised commodity exchange with permanent recognition from the Government of India to facilitate online trading, clearing and settlement operations for commodity futures markets across the country. Since its inception millions of small and medium enterprises, corporate houses, exporters, importers and traders have benefitted from this nationwide electronic trading platform through its efficient and transparent price discovery and price risk management. MCX ranks No. 1 in silver, No. 2 in gold, and No. 3 in crude oil. This document contains the correlation between change in prices of Gold, Silver and OIL with respect to each other. Over the last 50 years or so, gold and oil…show more content…
07 3512484.88 3539597.49 4829088.89 Aug-2007 4071387.43 4387989.95 4229747.79 Sep-2007 3176323.04 4222007.29 5810271.62 Oct-2007 4684780.59 5239697.55 8285033.18 Nov-2007 5154108.34 6628808.93 10386144.1 Dec-2007 5153276.59 4046305.1 7759148.93 Jan-2008 4671822.02 7085404.22 16669925.31 Feb-2008 4468044.92 7292145.03 14260015.15 Mar-2008 5275426.22 9216822.67 13868565.59 Apr-2008 5446577.38 6453967.32 10250063.16 May-2008 9230304 5560380.3 10579252.85 Jun-2008 11287930.81 6558813.86 13113103.07 Jul-2008 10822279.05 8494148.23 20076066.06 Aug-2008 7502891.61 7401530.05 16215325.61 Sep-2008 8953858.65 8931120.14 21524528.53 Oct-2008 6138823.07 6926098.73 16871983.04 Nov-2008 5377674.75 4959711.67 13718417.16 Dec-2008 6771616.16 5100578.99 16907140.81 Jan-2009 7938402.13 6776131.8 21051503.32 Feb-2009 6849426.38 7803863.21 23338041.32 Mar-2009 10782770.57 7749670.76 27457088.19 Apr-2009 9238346.15 5494679.24 15955495.1

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