CORRELATION BETWEEN OIL PRICES AND CURRENCY EXCHANGE RATES.
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Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
СДУ хабаршысы - 2018
Abstract
Abstract. In this article, we study how oil prices affect the USD vs.
KZT exchange rates. Our methods base on elementary statistical data analysis. For this purpose, we collect Brent oil prices and US dollar exchange rates in Kazakh tenge for entire year of 2016, in a weekly basis. Our findings suggest that there is a strong correlation between two variables. Besides, we use simple linear regression analysis to provide a formula that predicts the USD rate given the oil price. To make the paper accessible to High school students, we keep most of the analysis as elementary as possible and self-contained.
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Keywords
linear regression, oil price, currency exchange, correlation., СДУ хабаршысы - 2018, №1
Citation
D. Abdimanapov , Sh. Kadyrov, E. Rozakhunova / CORRELATION BETWEEN OIL PRICES AND CURRENCY EXCHANGE RATES / СДУ хабаршысы - 2018