Paper Title :Impact of Macroeconomic Factors on Stock Price: Application of MLR
Author :Krishna Murthy Inumula, Anupama Tadamarla, K. Deeppa
Article Citation :Krishna Murthy Inumula ,Anupama Tadamarla ,K. Deeppa ,
(2018 ) " Impact of Macroeconomic Factors on Stock Price: Application of MLR " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 8-11,
Volume-4,Issue-3
Abstract : This research study is related with the dynamic interactions among stock market, inflation, crude oil, industrial
growth, exchange rate with firm level oil stock price. Since the importance of all the macroeconomic factors are evident in
theory must also be verified through the empirical analysis of data that gives rise to understand the scope of this research
study. This study concludes that all the macroeconomic factors taken in this study are jointly affecting the oil stock price.
The multiple linear regression model (MLR) for oil stock has been chosen based on the goodness of fit measures and avoids
the problems of multicollinearity, auto correlation and heteroskedasticity.Results found that Nifty Index is highly significant
having its full impact in determining the stock price.
Key words- Stock Price, MLR, Correlation, Macroeconomic Factor.
Type : Research paper
Published : Volume-4,Issue-3
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13163
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Copyright: © Institute of Research and Journals
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Published on 2018-09-11 |
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