I am surprised by this given the seemingly endless talk about gold prices. Looking at Google trends on Gold, there is no apparent relationship between volume of searches and changes in gold prices. At least at first pass. In other words I did not check my work at all!
The Dependent variable is Absolute Value of percentage weekly Change in price of GLD, independent variable is the percentage change in searches.
R squared 0.005
N = 260
Coef Stand Error t stat p-value
Intercept 0.023508 0.001184 19.8475 7.44E-54
X Variable 1 0.009991 0.025956 0.384915 0.700618
| SUMMARY OUTPUT | |||||||||
| Regression Statistics | |||||||||
| Multiple R | 0.023957 | ||||||||
| R Square | 0.000574 | ||||||||
| Adjusted R Square | -0.0033 | ||||||||
| Standard Error | 0.019088 | ||||||||
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