Business Research Methodology Research Assignment<\/p>\n
Faculty In-Charge \u2013 Prof. J K Sachdeva<\/p>\n
Problem Title:
\nTo determine the relationship between Nifty and Godrej Industries Limited.<\/p>\n
Author \u2013 Pasupula Geervani Yadav<\/p>\n
INTRODUCTION OF COMPANY
\nGodrej Industries Limited is a holding company of the Godrej Group. Godrej Industries Ltd (Godrej Industries) is a manufacturer and marketer of consumer goods and other related items. It is a subsidiary of the Godrej Group. Oleochemicals and surfactants, animal feeds, poultry and agro-products, and personal and home care products are among the company’s many offerings. It sells its goods under the Godrej name. Furthermore, it is involved in property development, real estate, property investment, and oil palm plantation. Godrej Industries is based in Maharashtra, with factories in Ambernath, Wadala, Valia, and Dombivali. India, Indonesia, and Singapore are home to the company’s operations. The headquarters of Godrej Industries is in Mumbai, Maharashtra, India.<\/p>\n
OBJECTIVE
\nTo calculate the beta of a company and find its significance<\/p>\n
Data Collection:
\nData was collected from the NSE Website which comprises historic data for the past 1 year. The Friday of each week of the year was taken into consideration. The resultant was calculated, and regression was performed on the data.<\/p>\n
Data Analysis:
\nWe know Y= a +bx1 Where b is the beta value. H0 \u2013 Null Hypothesis
\nH1 \u2013 Alternate Hypothesis
\nIf the beta coefficient is significant, the interpretation is that for every 1-unit increase in the predictor variable, the outcome variable will increase by the beta coefficient value.<\/p>\n
It was found that R Square is 0.00292068, the regression equation was found to be
\nY= 0. 436737+0.000639X
\nHere Beta value is +0.000639<\/p>\n
SUMMARY OUTPUT<\/p>\n
Regression Statistics
\nMultiple R\t0.054043313
\nR Square\t0.00292068
\nAdjusted R Square\t-0.019740214
\nStandard Error\t4.188943337
\nObservations\t46<\/p>\n
Interpretations:
\nWe can see that the R square value is 0.00292068, which means that Nifty can explain
\n0.29 % of the weekly returns of Godrej Industries. Because the proportion is very low, we may deduce that Godrej does not follow the Nifty trend to a certain extent.<\/p>\n
\tCoefficients\tStandard Error\tt Stat\tP-value\tLower 95%\tUpper 95%\tLower 95.0%\tUpper 95.0%
\nIntercept\t0.436737179206868\t0.000638606787809115\t0.67981230144604\t0.500184512381735\t-0.858011308949788\t1.73148566736352\t-0.858011308949788\t1.731485667
\nX Variable 1\t0.000638606787809115\t0.00177881211827537\t0.359007441678702\t0.721306609666686\t-0.002946353\t0.00422356705200893\t-0.002946353\t0.004223567<\/p>\n
We can observe here that the Beta value is 0.000639 meaning that 1 unit change in Nifty leads to 0.000639 change in weekly returns of Godrej. We also need to note that the value is beta is positive indicating both of them are proportional to each other.<\/p>\n
ANOVA
\n \tdf\tSS\tMS\tF\tSignificance F
\nRegression\t1\t2.261600407\t2.261600407\t0.128886343\t0.72130661
\nResidual\t44\t772.0788365\t17.54724628
\nTotal\t45\t774.3404369\t \t \t <\/p>\n
H0: Nifty is not influencing the weekly returns of Godrej.
\nH1: Nifty is influencing the weekly returns of Godrej.
\nHere is the F value is 0.128886343 which is less than 4, thus we can accept the null- hypothesis and reject the alternate hypothesis, concluding that nifty is not influencing the weekly returns of Godrej. <\/p>\n
Also, the Significance F value is 0.72130661 which is more than .025 thus the model is not significant.<\/p>\n","protected":false},"excerpt":{"rendered":"
Business Research Methodology Research Assignment Faculty In-Charge \u2013 Prof. J K Sachdeva Problem Title: To determine the relationship between Nifty and Godrej Industries Limited. Author \u2013 Pasupula Geervani Yadav INTRODUCTION OF COMPANY Godrej Industries Limited is a holding company of the Godrej Group. Godrej Industries Ltd (Godrej Industries) is a manufacturer and marketer of consumer… Continue reading Business Research Methodology Research Assignment<\/span><\/a><\/p>\n","protected":false},"author":91972,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16032","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/91972"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16032"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16032\/revisions"}],"predecessor-version":[{"id":16128,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16032\/revisions\/16128"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16032"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}