Objective: To examine the relationship between the stock prices of Kajaria Ceramics Ltd. (KJC) and the Nifty 50 index (NIFTY) using linear regression.
Data: The data consists of the daily closing prices of KJC and NIFTY from January 1, 2023, to December 31, 2023, obtained from NSE India.
Method: A simple linear regression model was fitted to the data, with KJC as the dependent variable and NIFTY as the independent variable. The model was tested for significance, goodness of fit, and assumptions.