Using Ripple Price (XRP) to Predict For Leo (Wleo) Price

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(Edited)

Statistical analysis has done more good as it can be useful for block chain assets prediction to estimate the price of a token when another crypto asset price is known.

In this guide, I will be using the price of xrp to predict the price of leofinance token (Wleo).

This content shall be considered under the following sub titles.

  • Result of analysis

  • Conclusion

  • Other images includes

  • Appreciation

Result of analysis

Model Summary
The model summary below presents the entry variable as the price of XRP coin. The Adjusted R square explains 9% of variance in price of leo data.

modelsumm.JPG

Anova
Anova table in prediction analysis presents if there is a relationship between both variables used in prediction. It has a null hypothesis that there is no relationship between the variables in consideration.

anova.JPG

From the sig column of the table (0.000), there seems to be a significantly different hypothesis which states there is a relationship between the variables.

Correlation
The analysis if correlation shows there is a relationship between xrp and leo. But the relationship seems to be minimal with coefficient of (0.305).

correlation.JPG

This shows a positive relationship but not a strong one. This relationship indicates that as the price of xrp is in a bullish graph, it may or may not influence the price of leo to be in same bull graph. This law also applies vice versa.

Coefficient
The coefficient table explains the linear model that estimates the price of leo token when that of xrp is known.

coefficient.JPG

It is as seen below under the unstandardized B column.

Price of Leo = 0.372 * price of ripple – 0.059

I shall attempt to test this model when the price of $ 0.3685 on the 17th of September, 2022.

prooof.JPG

Price of Leo = 0.372 * price of ripple – 0.059

Price of Leo = 0.372 * 0.3685 – 0.059

Price of Leo = 0.137 – 0.059

Price of Leo = $0.078

However there seem to be a difference of $0.0168.

Conclusion

This article has been able to present a odel to estimate the price of leo using xrp coin.

Other images include

Maximum and minimum value of Xrp and Leo token
From the period of June 4 – September 15, 2022
maxmin.JPG

Data view mode
data.JPG

Variable view mode
variable.JPG

Appreciation

I appreciate effort put by @forexbrokr to ensure appropriate formatting methods for innovative post.

Posted Using LeoFinance Beta

leo xrp neoxian econometrics creativecoin pob waivo vyb leofinance
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2 comments
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It may seem like I'm being overly critical of your content, but I'm only doing it because your content is unique and like nobody elses here on LeoFinance.

It's really cool and I want to see you level up your presentation and earnings!

Present your work in a truly professional manner.

  • Why in the title is XRP all capitals, but Leo and Wleo are not? - Make capitalisation consistent throughout.
  • Why did you use a H4 for those subheadings without first using a H2 > H3 > H4? - Put a H2 at the very top and then nest H3 and H4 for any subheadings you use under that.
  • Why are there code errors on some text you're trying to bold? - Ensure there aren't spaces around your markdown code and remember spelling/grammar check tools like Grammarly can make the presentation of your work in English more professional.
  • Why are there 2 'Posted Using' links at the bottom? Proof read and then proof read again.

Posted Using LeoFinance Beta

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I appreciate your work and will continue making those modifications till I get it perfectly. This is due to the fact that am just getting aquainted to the leofinance interface. I have been on the hive interface for long without using formats. But formats makes your content readable. Thanks for the correction, I hope my next post meet the target. Do have an awesome day.

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