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[answered] Microsoft Word - project11s2.docxMicrosoft Word - project11
Microsoft Word - project11s2.docxMicrosoft Word - project11s2.docx
The Reserve Bank of Australia reports the interbank cash rate and the Australian dollar exchange rate against the US dollar. The following table lists the two series for the period November 2009 through October 2010.
Microsoft Word - project11s2.docx
Month ? ? ??Cash Rate ??Exchange Rate
Microsoft Word - project11s2.docx
Nov.2009 ? ?3.48 ? ? ? ?0.918
Dec.2009 ? 3.74 ? ? ? ? 0.897
Jan.2010 ? ?3.75 ? ? ? ? 0.891
Feb.2010 ? ?3.75 ? ? ? ? 0.890
Mar.2010 ? ?3.98 ? ? ? ?0.916
Apr.2010 ? ?4.22 ? ? ? ?0.930
May.2010 ? 4.48 ? ? ? ?0.849
Jun.2010 ? ?4.50 ? ? ? ?0.852 ? ? ? ? ??
Jul.2009 ? ?4.50 ? ? ? ?0.899
Aug.2009 ?4.50 ? ? ? ?0.892
Sep.2010 ? 4.50 ? ? ? ?0.967
Oct.2010 ? 4.50 ? ? ? ?0.976
Microsoft Word - project11s2.docx
- a) ?Find the covalence and correlation coefficient between the interbank cash rate and the AUD exchange rate against the USD. Interpret your findings.
- b) Imagine that you were contemplating running a single regression, as follows (you do not need to actually run the regression): E????=????0+????1C????+????????
where C is the interbank cash rate and E is the exchange rate. Would you expect to get a positive, negative, or zero slope estimate? Explain.
(I need detailed explanation, thank you)
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This question was answered on: Sep 18, 2020
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