Table 2.
VAR results (weights and p-values) for Pt as Mt. Gox price, St as Google search volume, Ut as number of downloads of the Bitcoin client and Wt as tweet ratio. Results in boldface are significant at the 0.05 level.
| ΔPt−1 | ΔUt−1 | ΔWt−1 | ΔSt−1 | |
|---|---|---|---|---|
| ΔPt | 0.153 (7.2 × 10−8) | 0.137 (5.3 × 10−5) | 0.100 (4.4 × 10−4) | −0.233 (2.3 × 10−11) |
| ΔUt | 0.184 (1.6 × 10−10) | −0.143 (3.0 × 10−5) | −0.007 (7.8 × 10−1) | 0.158 (5.8 × 10−6) |
| ΔWt | −0.032 (2.0 × 10−1) | 8.201 (9.9 × 10−1) | −0.320 (9.4 × 10−34) | 0.243 (1.3 × 10−14) |
| ΔSt | 0.386 (1.5 × 10−46) | 0.016 (5.9 × 10−1) | −0.013 (5.9 × 10−1) | 0.293 (5.0 × 10−20) |