There is no relationship between contemporaneous changes in price and demand for this day, however there is a relationship between changes in price and 1-hour-lagged demand. See below for model results.
Change
in Demand as Dependent |
|
Coefficient |
Std Error |
p value |
Constant |
-6.97130 |
70.40710 |
0.92200 |
(Change in Demand)t-1 |
1.04530 |
0.15510 |
0.00000 |
(Change in Demand)t-2 |
-0.15960 |
0.15340 |
0.30400 |
(Change in Price) |
-0.14660 |
17.01940 |
0.99300 |
(Change in Price)t-1 |
18.18570 |
16.23300 |
0.26900 |
(Change in Price)t-2 |
2.55720 |
16.98700 |
0.88100 |
Adjusted R-squared: 0.829 |
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Change in Price as
Dependent |
|
Coefficient |
Std Error |
p value |
Constant |
0.05981 |
0.63830 |
0.92580 |
(Change in Price)t-1 |
0.17000 |
0.14700 |
0.25420 |
(Change in Price)t-2 |
-0.32780 |
0.14550 |
0.02960 |
(Change in Demand) |
-0.00001 |
0.00140 |
0.99320 |
(Change in Demand)t-1 |
0.00234 |
0.00200 |
0.24890 |
(Change in Demand)t-2 |
-0.00113 |
0.00140 |
0.42280 |
Adjusted R-squared: 0.1008 |
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