- #1
beamthegreat
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- TL;DR Summary
- Can statistical significance be established if the low Y outliers tend to be associated with low X values and the high Y outliers tend to be associated with high X values?
X-axis = past 1-week percent change of the search term "best bitcoin wallet"
Y-axis = future 1-week percent change of the price of bitcoin
From the data, if the number of searches increases by more than 150%, it seems the price of bitcoin almost always increases, however, there are only 10 samples out of 260 of this happening. Likewise, if the number of searches decreases by more than 60%, bitcoin almost always drops.
Could this be statistically significant? Any comments on this?