Effect of the Dow Jones Industrial Average on the Composite Stock Price Index

Nenden Restu Hidayah, Dedek Sriulina Sihombing, Erawati Kartika, Ashur Harmadi, Budi Prijanto

Abstract


The direction of this research aims to examine effect of the Dow Jones Industrial Average on the Composite Stock Price Index. The type of research conducted is causal associative research. The population in this study is the entire monthly report data of the Dow Jones Industrial Average and the Composite Stock Price Index from January 2018 to December 2021. The number of samples from monthly time series data is 120 samples. The analytical method used in this research is multiple linear regression analysis method, through partial test. The results show that Dow Jones Industrial Average has a positive and significant effect on the Composite Stock Price Index.


Keywords


dow jones industrial average; composite stock price index; partial test

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DOI: https://doi.org/10.33258/birci.v5i3.6236

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