The IBM SPSS Statistics extension for data.world is used to import data into IBM SPSS Statistics and conduct the analysis. Upon uploading the data to data.world, automatic data profiling was done and a cursory view of the data quality and outliers in the dataset resulted. It appears that my colleague Deepak wants to do some research on how the performance of S&P 500 affects the Bitcoin price.

Steps Collaborate with the team using data.world

Learn how to use SPSS to do the following: We leveraged a combination of stock/quote data with Bitcoin data hosted in a data.world project (sourced from and uploaded as a data.world dataset), then collaborated with the team to identify areas of interest and deliver insights on how the performance of S&P 500 (sourced from ) affects the Bitcoin price. data.world is an open, secure and social data collaboration platform and is used in conjunction with IBM SPSS Statistics, a leading statistical platform to quickly and easily find insights in data. To help multiple analysts collaborate by contributing data, analysis, observations, and suggestions for this how-to, data.world and IBM SPSS Statistics were used. Therefore, the S&P 500 is a good indicator of the US marketplace sentiments. The S&P 500 Index is a larger and more diverse index, made up of 500 of the most widely traded stocks in the US. While DJIA is one of the oldest, better known and frequently used indices it represents only about a quarter of the value of the entire US stock market. For this how-to, the S&P 500 index is used to determine if Bitcoin prices are affected by the performance of the index over a period of time. We considered three different stock market indices including Dow Jones Industrial Average (DJIA), Standard & Poors 500 Index (S&P 500), and Nasdaq Composite Index, etc. Using one of the latest IBM SPSS Statistics integration, we thought it would be interesting to do some basic analysis on factors that affect the price of Bitcoins. However, the past 12 months have seen both all-time highs and rapid fluctuations for the different indices (DJIA, S&P 500, etc.), gold and Bitcoin. Investors see Bitcoin as the next “gold” (a safe asset for the future) to invest in as there are only a limited amount of Bitcoins. Cryptocurrencies have gained immense popularity in recent years with Bitcoin being the first and most popular peer-to-peer cryptocurrency.

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