Lets Predict Leo price Using Price Of Hive Crypto
The long awaited analysis of prediction I wanted to carry out is using the price of hive coin to predict for price of leo token. I just had to collect the data from coingecko and get them into spss software in order to visualize the result of the analysis.
In this article, I will consider the following sub headings
About Hive And Leo Crypto
Analysis Requirements
Estimated coefficient for calculating price of leo
Conclusion
Other images
About Hive And Leo Crypto
Hive
Hive is the native asset of the hive blockchain. The hive blockchain is a web3 platform that empowers authors who are creative in their content to earn upon their written works. Hive blockchain pays you in hive power and hive dollar at the end of seven days after your content has been published. To learn more about hive blockchain visit https://hive.blog.
Leofinance
Leofinance is a web3 platform built on the hive blockchain that does permits similar opportunities as hive. To learn more about leofinance, visit https://leofinance.io
Analysis Requirements
The following are vital to be considered before proceeding for this analysis.
Model summary
The summary of the model explains it better and give confidence which we can trust the model.
From the first image above shows the variable that needs to be entered to predict the price of leo. The variable is a known hive price.
Our model can be trusted 38%. This value doesn’t affect the result it only tells the disparity between the entered and calculated value. This is gotten from the adjusted r square value represented in percentage.
Correlation
Correlation analysis explains the type of relationship, be it positive, negative or zero that exist between variables and it is useful in prediction.
It is essential to carry out a scatter dot diagram check.
From the scatterdot, there is a relationship between hive and leo price.
From the analysis of correlation shows that with a coefficient of 0.618, the is a positive and strong correlation between the price of hive and leo.
It means as the price of hive is in a bull, that of leo will experience same and vice versa.
Normality
Normality test proves if the sample is drawn from same population.it can be seen that both samples are from a population. And hence the data is normal.
A data is also normal when the points follows the diagonal line perfectly as seen below.
Estimated coefficient for calculating price of leo
The estimated coefficient for calculating price of leo is given by;
Price of leo = 0.027 + 0.085 * price of hive
Lets prove if this is true when we test for hive price on the 10th of September, 2022 which was 0.5602
Price of leo = 0.027 + 0.085 * 0.5602
Price of leo = 0.027 + 0.047
Price of leo = $0.074
It can be seen below that the price of leo entered during the stated date above was $0.0742. with a difference of $0.0002
Conclusion
This article has been able to present a model that predicts the price of leo when considering that of hive.
Other images includes
Data view mode
Variable view mode
Maximum and minimum values of both assets
Your content is awesome bro.
I'd just love to see you use leofinance.io to publish and actually use some markdown code to format your text under subheadings.
If you figure that stuff out, ping me in the comments section of your next blog and I'll keep supporting it with LEO votes.
Posted Using LeoFinance Beta
Okay, my mobile device doesn't support me using tags but I will use my PC to try it out in my next post. Thanks
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