# [e-gold-list] another STATS CONTEST entry!

```That's the second entry so far, Jeff --- you may win by default!

I'm sure, though, the curve for e-gold daily transactions would have
to be fitted to some sort of quadratic?

>This can't be right but ... using all the VERY spotty data I have
>Total Days     USD
>0                      878,826
>12                  1,406,435
>20                  1,505,357
>26                  2,579,490
>34                  1,074,743
>67                  1,375,354
>
>And using the Canadian dollar that trades about 200,000 contracts per day
>Each contract is worth 100,000 Canadian dollars or about 66,000 USD.
>200,000 x 66,000 = 1.3e10
>
>A simple linear regression results in y=ax+b
>y=3396x + 1380028
>((1.3e10 - 1380028)/3396)/365 = 10,000 years
>
>But maybe the contracts are double counted (a trade has a buyer and seller so
>that volume might = 2?) so maybe 5,000 years
>
>Answer, using my simple 6 points of data, a really long time because this set
>of data has a pretty flat slope. If you  only use the first 4 rows of data,
>e-gold could rival CD in 300-600 years :)
>
>Right now daily e-gold turnover is 0.01% (one one hundredth of a percent) of
>Canadian dollar turnover. That's pretty good considering.
>
>Thanks, Jeff
>
>[EMAIL PROTECTED] wrote:
>
>> Well, we have ONE answer in for the stats contest!  Not the longest
>> answer, but that will win it if it's the only one!
>>
>> >Hello
>> >
>> >
>> >Answer to your contest question - Some time between 8 and 9 months
>> >from now.  -Barb
>>
>> >jic>         "When will the daily transaction volume
>> >jic>         of e-gold first begin to rival the daily
>> >jic>         transaction volume of one of the smaller
>> >jic>         national currencies?"
>>
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>
>
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