slr

Simple Linear Regression (SLR) stands as one of the most fundamental statistical methods used to understand and quantify the relationship between two quantitative variables. This technique is pivotal in data analysis, offering a straightforward approach to predict the value of a dependent variable based on the value of an independent variable. By modeling the linear relationship between these variables, SLR provides invaluable insights across various fields, from economics and finance to healthcare and social sciences.

Applications and Advantages

• Predictive Modeling: SLR is extensively used for prediction, allowing businesses, economists, and scientists to make informed decisions based on observable data trends.
• Insightful and Interpretable: It offers clear insights into the nature of the relationship between variables, with the slope indicating the direction and strength of the relationship like Tiktok Tako.
• Simplicity and Efficiency: Its straightforwardness makes it an excellent starting point for regression analysis, providing a quick, efficient way to assess linear relationships without the need for complex computations.

Key Considerations in SLR

• Linearity Assumption: The primary assumption of SLR is that there is a linear relationship between the independent and dependent variables.
• Independence of Errors: The error terms (ϵ) are assumed to be independent and normally distributed with a mean of zero.
• Homoscedasticity: The variance of error terms is constant across all levels of the independent variable.

Challenges and Limitations

While SLR is a powerful tool for analyzing and predicting relationships, it has limitations, including its inability to capture non-linear relationships or the influence of multiple independent variables simultaneously. These situations may require more advanced techniques such as Multiple Linear Regression (MLR) or Polynomial Regression.

Conclusion: A Fundamental Analytical Tool

Simple Linear Regression remains a cornerstone of statistical analysis, embodying a simple yet powerful method for exploring and understanding the relationships between two variables. Whether in academic research or practical applications, SLR serves as a critical first step in the journey of data analysis, providing a foundation upon which more complex analytical techniques can be built.

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 It was a bit of a topsy-turvy week for the Aussie share market. However, the market looks set to close higher on a weekly basis for the first time in five-weeks, fuelled by gains in the Energy & Financial sectors.

In this week’s wrap, Jessica covers: 

• (0:52) The best performing stocks this week 
• (1:15) Two key reasons why investors are moving into gold
• (3:13) Why October is traditionally one of the best performing months for stocks
• (4:21) The ten most traded stocks by Bell Direct clients this week
• (4:52) Why next week's employment data will be watched like a hawk

Watch the Weekly Wrap in video here.

Please note: The weekly wrap text was written at the close of trade Thursday 7 October.

Yesterday the Aussie share market closed at a record high, just over 7,500 points. 

Overnight, shares were mixed, with broad selling over on Wall Street. 

Following US equities, this morning the Aussie share market is set to open lower, with the futures suggesting a 0.2% fall. 

What to watch today:

• Buy now, pay later company, Splitit (ASX:SPT) seems to be benefiting from Afterpay’s takeover announcement. Yesterday SPT closed 23% higher, while the leading BNPL stocks such as Z1P and APT closed with small gains. 
• Companies set to report their earnings: Centuria Industrial REIT (ASX:CIP) are set to report their half year results and News Corp (ASX:NWS) with report their 2021 fourth quarter and full year earnings. 
• In economic news, Balance of Trade data for June will be released today at 11:30am AEST. 
• The most traded stocks by Bell Direct clients yesterday. They were Bank of Queensland (ASX:BOQ), Fortescue Metals (ASX:FMG) and Silver Lake Resources (ASX:SLR). 
• The oil price has sunk 3.6% to US$68 a barrel, after US stockpiles increased. 
• The gold price is up 0.8%, and iron ore is also trading 0.8% higher at US$182.50 per tonne. 

Trading ideas:

• Bell Potter have a Speculative BUY recommendation on Comet Bridge (ASX:COI), with an increased price target to $0.18 (previously $0.13). Yesterday COI rallied 22% in afternoon trade, before closing higher 7.7%. COI’s capital growth is 98% in the year. However, Bell Potter believe are speculative on the stock, as the company only has prospective operations and cash flows, therefore recognising the volatility of returns. 
• Bullish charting signals have been identified in Core Lithium (ASX:CXO), Splitit Payment (ASX:SPT) and South32 (ASX:S32), according to Trading Central. 

The Aussie share market is in a bullish breakout uptrend, just a 3% puff away from the record high – hit in February 2020. 

Overnight US tech stocks put their foot on the gas – with investors buying back into stay at home economy stocks . 

What to watch today: 

1. Local stay at home economy tech stocks are set to thrive. Keep a watch on EML Payments (ASX:EML) which has already gained 17% this week and Afterpay (ASX:APT) which has lifted 14%.
2. Gold trades at a one-month high. Keep an eye on Gold stocks like Silver Lake Resources (ASX:SLR), Northern Star (ASX:NST) and Ramelius Resources (ASX:RMS).
3. Services Sector index data is out – tipped to show the sector grew in March as restrictions continued to ease and employment is a pre-COVID-19 levels.
4. Building permits are out – so keep your eye on building and construction stocks that are trading at 12 month highs like BKW, CSR, ABC and the like 
5. The RBA will realise their financial stability review report. 
6. Keep an eye on the most traded stocks from yesterday for our active trader desk, Bell Direct Advantage. They were: 88 Energy (ASX:88E), Province Resources (ASX:PRL) and Red Sky Energy (ASX:ROG).

Trading ideas: 

• Domino's Pizza (ASX:DMP) was re-stamped as a Bell Potter Buy with a $122 target, as German sales ramped up, while Bell Potter also sees Japan’s sales growing fuelled by half price takeaway orders and no minimum deliveries. 

• Bullish charting signals have been identified in Afterpay (ASX:APT), Emeco (ASX:EHL) and Silver Lake Resource (ASX:SLR) according to Trading Central.

The Aussie share market is likely to pull back 0.4% - which could rub out half of yesterday’s gain of 0.9%.

Commodity stocks are expected to charge again today, while tech stocks will likely move to a lower-gear following moves in overseas markets. 

 What to watch today:

• The Iron Ore price hit a brand new 9.5-year high - US$175.50 – a level not seen since September 2011 as China demand remains strong and doubts about Brazilian shipments from Vale, the world’s top producer, linger on. 
• Copper rose 1.6%; the Coffee price hit a 2.5 year high and Oil holds steady at US$61.64.
• Appen (ASX:APX) upgraded its outlook for FY21 expecting earnings to lift up to 28%. 
• Blackmores’ (ASX:BKL) profit beat expectations coming in at $18.9 million, beating the $9.1m expected
• Woolworths (ASX:WOW) has declared its strongest half-year dividend in six years. 
• Mount Gibson Iron’s (ASX:MGX) half-year profit surged 67% on higher iron ore prices, despite sales falling.  
• Silver Lake Resources (ASX:SLR) profit rose 48%.
• Other companies reporting: Sydney Airport (ASX:SYD), WiseTech Global (ASX:WTC), Healius (ASX:HLS), Viva Energy (ASX:VEA), Helloworld (ASX:HLO).

Trading ideas:

• Bell Potter upgraded Mader Group’s (ASX:MAD) Buy rating with an increased $1.28 price target.
• Bell Potter upgraded Monadelphous’ (ASX:MND) Buy rating with a price target of $14.40.
• Austral Gold (ASX:AGD), Uniti Group (ASX:UWL) and Iron Road (ASX:IRD) are giving off bullish charting signals according to Trading Central.

There's light at the end of the tunnel this week, with 111,000 Aussies returning to work rather than the projected further loss of 35,000 jobs. Plus, the Aussie share market followed the U.S. blue-chip rise, closing 0.4% higher (Mon-Thu).

In this week’s wrap, Jessica covers:

• Three stocks to watch given home sales are up 3.6%
• The Sectors report: Real Estate rose 2.3%
• Five stand out stocks this week
• Aussie employment data beating expectations - sole traders and females leading the charge
• Victorian COVID-19 cases trending lower and likely to continue
• Two stocks to consider: Aristocrat Leisure (ASX:ALL) and Accent Group (ASX:AX1)

The Aussie share market is set for its best monthly gain since January this year. This week, the focus has been on the Banking sector, with some of the banks releasing their half-year results. 

In this month's wrap, Jessica covers:

• IT leads growth sectors in this month's sector report (0:19)
• Stocks in the spotlight: Afterpay (ASX:APT) rises 51% & Metcash (ASX:MTS) slides 21% (1:11)
• HY results: Where will NAB (ASX:NAB) go from here & what to watch with Westpac (ASX:WBC) (2:19)
• The best of the banking sector (5:01)
• What to watch next week: RBA & trade data announcements