H.A. Jafarova, R.T. Aliyev, T.N. Abdullayev
Analysis of the Relationship between USDX and Gold Prices in R


This paper focuses on the relationship between U.S. Dollar Index (USDX) and Gold prices from 2010.01.01 to 2019.01.01. The aim of this paper is to analyze and determine the character of the co-movement between price levels. For best visualization, graphics of USDX and Gold price at monthly intervals with indicators Exponential Moving Average (EMA) and Relative Strength Index (RSI) are given. Main results of Regression Model (MSE, RMSE, MAE, RMSLE, Mean Residual Deviance, R-squared, Null Deviance and etc.) for reported on validation and training data are compared. For statistical computing, R language and environment are used. The paper also presents the basic characteristics and determinants of current price trends.

Keywords: USDX, GOLD, Descriptive statistics, Relative Strength Index, Exponential Moving Average, Linear Regression model, Generalized Linear Model, Correlation coefficient, R code
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