DJI stands for the Dow Jones Industrial Average index and GSPC for the S&P 500 index.

Y = DJI

X = GSPC

## Model Summary

Residuals:

Min 1Q Median 3Q Max

-304.73 -146.07 -14.03 90.80 519.93

Coefficients:

Estimate Std. Error t value Pr(>|t|)

(Intercept) -1185.589 234.929 -5.047 8.66e-07 ***

GSPC 9.124 0.112 81.450 < 2e-16 ***

—

Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1

Residual standard error: 180 on 250 degrees of freedom

Multiple R-squared: 0.9637, Adjusted R-squared: 0.9635

F-statistic: 6634 on 1 and 250 DF, p-value: < 2.2e-16

The regression analysis was generated in R.

Data source: Yahoo Finance

Time-frame: 2016