Analysis Of HIVE Dip Using SPSS

Hive has been a major concern as it the best time for buyers to accumulate as more as possible. I will present in this article the level of dip on hive price under the following subheadings.

HIVE price In October Verses HIVE price in November

In differentiating the HIVE price in October verses HIVE in November calls for the need of finding the average or mean price of HIVE for each month. A descriptive analysis was conducted to determine the mean price of HIVE in October with a value of 0.4894.

In the month of November, the mean price of HIVE analyzed was 0.3867. However, there has been a minor decrease in the price of hive with a difference of 0.1027 which indicates a fall of 20.98% decrease in the mean price in October verses that of November, 2022.

Line Graph Of HIVE price

Below is a line graph showing the price of HIVE and date from the month of October 1 – November 28, 2022.

It can be visualized that in the month of November, 2022, the price of HIVE encountered dip which calls for a buying opportunity.

Maximum and minimum price of HIVE

The maximum and minimum price of HIVE throughout the period of October 1 November 28, 2022 is been displayed on the table below.

HIVE attained a maximum price of $0.5778 and a minimum price of $0.3080. Details of HIVE price is as seen in the box plot below.

Boxplot of HIVE price

The boxplot of HIVE price is as seen below.

Boxplot shows the span in price of HIVE for the stated duration. This is similar to values obtained from the maximum and minimum price in range.

Conclusion

This article has been able to analyze the dip rate in price of HIVE from October 1- November 28, 2022. It calls for buyer’s attention towards HIVE. It also presents a 20% decrease in the price of HIVE during the duration.

proof of work

Data view

variable

Thanks for reading, I wish everyone a blessed week.