Paper Infomation
Impact Analysis of Macroeconomic Factors on Stock Value of Shanghai Pudong Development Bank under PCA Regression
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Author: Xujie Pan, Kai Wu
Abstract: When we consider the factors affecting the stock market, we often consider the impact of macroeconomic factors on it. On the basis of the academic achievements of predecessor scholars on macroscopic factors affecting the overall stocks, this article selects six macroeconomic influencing factors: money supply, USDCNY exchange rate, GDP, national fiscal revenue, price index and interest rate, and uses PAC regression analysis method to construct a regression model. Analyze the influencing factors of Shanghai Pudong Development Bank stock; then conduct heteroscedasticity, autocorrelation, and multicollinearity tests to modify and adjust the regression model; finally, make relevant recommendations based on the analysis results.
Keywords: Stock Value, PAC Regression, Macroeconomic Factors, Multicollinearity, Shanghai Pudong Development Bank Stock
References:
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