Author: Prajakta Vispute.
Introduction:
Proctor & Gamble hygiene and health care is one of India’s fastest growing Fast-Moving Consumer Goods (FMCG) company. So we tried to find the relationship between Proctor & Gamble hygiene and health care with NIFTY.
Objective:
Calculate data of Proctor & Gamble hygiene and health & see its significance.
Data Collection:
Data from 1st April 2021 to 31st march 2022 for Proctor & Gamble hygiene and health and NIFTY from www.nseindia.com. Friday closing prices were calculated.
Data analysis:
Y= a + b (X)
Y= 0.1520 + 0.4062 (X)
(-2.0387)
Where, Y = Proctor & Gamble hygiene and health care Returns.
X = NIFTY Returns.
a= 0.1520 and b= 0.4062
R^2= 0.0881
N= 45
F= 4.15644
T stat for b = 2.0387
Results:
The above equation Tells us the relationship between X & Y. If X rises by one unit, then Y will also rise by 0.4062 units visa versa. Figure in bracket that is -2.03 is the T stat for b. The p-value for which 0.0477 which is less than 0.05 which means b is statistically significant at 5% level. R^2 is 0.0881 which means 8.81 % of Y is explained by X. F is 4.15644 and the p value for 0.0477 which is less than 0.05 which means overall statistically significant at 5% level.