MBAF 502: Regression Analysis of Apple Stock Prices and NIFTY 50

This report presents a multiple regression analysis to estimate Apple Inc. stock prices. The study utilizes monthly data from February 2014 to June 2019, focusing on the relationship between Apple's monthly closing price (dependent variable) and two independent variables: the Nifty-50 monthly index and Apple's monthly traded volume. The analysis includes descriptive statistics, residual plots, and correlation matrices to assess the data. The regression model's results are interpreted, including the coefficient of determination (R2), alpha (α), regression coefficients, and t-statistics. Findings indicate a strong positive correlation between the Nifty 50 and Apple stock prices, while Apple's trading volume shows no significant impact. The report concludes with a discussion of the results and potential avenues for future research, such as incorporating more predictors and exploring the application of the estimation results in trading decisions.