LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT

Business Research
2008 and 2009 NSE Stats. Analysis

Group 8
Bhaskaryya Baruah (14)
Rejaul Karim (16)
Nikhil Pandey (56)
Sunil Gupta (46)
Rohit Kaushik (81)
Prabsahib (84)
YEAR: 2008

CONSTANT: MONDAY

Variables Entered/Removedb

Variables Variables
Model Entered Removed Method

1 FRI, THURS,
. Enter
TUES, WEDa

a. All requested variables entered.

b. Dependent Variable: RETURN

Model Summary

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .062a .004 -.013 1.230

a. Predictors: (Constant), FRI, THURS, TUES, WED

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 1.417 4 .354 .234 .919a

Residual 362.985 240 1.512

Total 364.402 244

a. Predictors: (Constant), FRI, THURS, TUES, WED

b. Dependent Variable: RETURN

 Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) -.177 .174 -1.019 .309

TUES .105 .245 .035 .428 .669

WED .144 .244 .048 .590 .556

THURS -.076 .256 -.024 -.297 .767

FRI .044 .247 .014 .176 .860

a. Dependent Variable: RETURN

INTERPRETATION: According to this regression, Thursday has the lowest return and Wednesday has the
highest. Taking the confidence level of 95%, there is no significant difference in the average return

YEAR: 2008

CONSTANT: FRIDAY

Variables Entered/Removedb

Variables Variables
Model Entered Removed Method

1 THURS, MON,
. Enter
TUES, WEDa

a. All requested variables entered.

b. Dependent Variable: RETURN

 Model Summary

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .062a .004 -.013 1.230

a. Predictors: (Constant), THURS, MON, TUES, WED

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 1.417 4 .354 .234 .919a

Residual 362.985 240 1.512

Total 364.402 244

a. Predictors: (Constant), THURS, MON, TUES, WED

b. Dependent Variable: RETURN

Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) -.134 .176 -.761 .448

MON -.044 .247 -.014 -.176 .860

TUES .061 .246 .020 .248 .804

WED .100 .245 .034 .409 .683

THURS -.119 .257 -.037 -.465 .642

a. Dependent Variable: RETURN

INTERPRETATION: According to this regression, Thursday has the lowest return and Wednesday has the
highest. Taking the confidence level of 95%, there is no significant difference in the average return
YEAR: 2009

CONSTANT: MONDAY

Variables Entered/Removedb

Variables Variables
Model Entered Removed Method

1 FRI, TUES,
. Enter
THURS, WEDa

a. All requested variables entered.

b. Dependent Variable: RETURN

Model Summary

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .090a .008 -.009 .934

a. Predictors: (Constant), FRI, TUES, THURS, WED

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 1.707 4 .427 .489 .744a

Residual 206.905 237 .873

Total 208.612 241

a. Predictors: (Constant), FRI, TUES, THURS, WED

b. Dependent Variable: RETURN

 Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) .077 .138 .560 .576

TUES -.068 .193 -.029 -.354 .723

WED .070 .190 .031 .367 .714

THURS -.058 .191 -.025 -.304 .761

FRI .157 .194 .067 .811 .418

a. Dependent Variable: RETURN

INTERPRETATION: According to this regression, Tuesday has the lowest return and Friday has the
highest. Taking the confidence level of 95%, there is no significant difference in the average return

YEAR: 2009

CONSTANT: FRIDAY

Variables Entered/Removedb

Variables Variables
Model Entered Removed Method

1 MON, TUES,
. Enter
THURS, WEDa

a. All requested variables entered.

b. Dependent Variable: RETURN

 Model Summary

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .089a .008 -.009 .934

a. Predictors: (Constant), MON, TUES, THURS, WED

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 1.658 4 .415 .475 .754a

Residual 206.953 237 .873

Total 208.612 241

a. Predictors: (Constant), MON, TUES, THURS, WED

b. Dependent Variable: RETURN

Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) .229 .135 1.700 .090

TUES -.221 .191 -.095 -1.156 .249

WED -.082 .188 -.036 -.439 .661

THURS -.210 .189 -.092 -1.113 .267

MON -.150 .194 -.063 -.776 .439

a. Dependent Variable: RETURN

INTERPRETATION: According to this regression, Tuesday has the lowest return and Friday has the
highest. Taking the confidence level of 95%, there is no significant difference in the average return
CONSOLIDATED FOR 2008 AND 2009

Variables Entered/Removedb

Variables Variables
Model Entered Removed Method

1 dummy2009a . Enter

a. All requested variables entered.

b. Dependent Variable: RETURN

Model Summary

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .106a .011 .009 1.087

a. Predictors: (Constant), dummy2009

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 6.471 1 6.471 5.479 .020a

Residual 573.971 486 1.181

Total 580.442 487

a. Predictors: (Constant), dummy2009

b. Dependent Variable: RETURN

 Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) -.130 .069 -1.865 .063

dummy2009 .230 .098 .106 2.341 .020

a. Dependent Variable: RETURN

INTERPRETATION: According to this regression, 2009 has higher return than 2008. Taking the
confidence level of 95%, there is a significant difference in the average return of 2009 with respect to
2008.