Kauppatieteellinen tiedekunta, 2012
Laskentatoimi ja rahoitus
Laskentatoimen ja rahoituksen yleinen linja
The purpose of thesis is to investigate the relationship and causality between two im-portant consumer sentiment indices and the stock markets in United States. Used measures are monthly observations of Michigan Consumer sentiment MCSI and Con-ference board Consumer Confidence CCI. SP500 will represent the stock market and it will be divided in to 11 sector subsets to provide view in to the relationship among dif-ferent industries. Statistical methods used in this thesis are correlation and Granger cau-sality.
Consumer confidence, Granger causality