Year Price

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.8137350689
R Square 0.6621647624
Adjusted R Square 0.6551265282
Standard Error 5535.1244503
Observations 50

ANOVA
df SS MS F Significance F
Regression 1 2882419163.595 2882419163.6 94.08109 6.8102798E-13
Residual 48 1470604928.65 30637602.68
Total 49 4353024092.245

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%

Intercept -3961.309808 1401.192167496 -2.827099594 0.00683 -6778.5954821 -1144.024134
Price 390.00718989 40.2088299006 9.6995408933 6.81E-13 309.161918929 470.85246085
Lower 95.0% Upper 95.0%
-6778.595482 -1144.024134
309.16191893 470.85246085
 2018 70.09
Dependent Variable Independent Variable
Y X
Gold Prices in India USD to INR
Year Price Year Price
1968 162.00 1968 7.5
1969 176.00 1969 7.5
1970 184.00 1970 7.5
1971 193.00 1971 7.49
1972 202.00 1972 7.59
1973 278.50 1973 7.74
1974 506.00 1974 8.1
1975 540.00 1975 8.38
1976 432.00 1976 8.96
1977 486.00 1977 8.74
1978 685.00 1978 8.19
1979 937.00 1979 8.13
1980 1330.00 1980 7.86
1981 1800.00 1981 8.66
1982 1645.00 1982 9.46
1983 1800.00 1983 10.1
1984 1970.00 1984 11.36
1985 2130.00 1985 12.37
1986 2140.00 1986 12.61
1987 2570.00 1987 12.96
1988 3130.00 1988 13.92
1989 3140.00 1989 16.23
1990 3200.00 1990 17.5
1991 3466.00 1991 22.74
1992 4334.00 1992 25.92
1993 4140.00 1993 30.49
1994 4598.00 1994 31.37
1995 4680.00 1995 32.43
1996 5160.00 1996 35.43
1997 4725.00 1997 36.31
1998 4045.00 1998 41.26
1999 4234.00 1999 43.06
2000 4400.00 2000 44.94
2001 4300.00 2001 47.19
2002 4990.00 2002 48.61
2003 5600.00 2003 46.58
2004 5850.00 2004 45.32
2005 7000.00 2005 44.1
2006 8400.00 2006 45.31
2007 10800.00 2007 41.35
2008 12500.00 2008 43.51
2009 14500.00 2009 48.41
2010 18500.00 2010 45.73
2011 26400.00 2011 46.67
2012 31050.00 2012 53.44
2013 29600.00 2013 56.57
2014 28006.50 2014 62.33
2015 26343.50 2015 62.97
2016 28623.50 2016 66.46
2017 29667.50 2017 67.79