The table below shows the results from a regression using an…
The table below shows the results from a regression using an investor’s monthly excess returns as the dependent, y-variable, and four common factors as the independent, x-variables. Which statement is most likely true based on these results? Variable Coefficient P-Value Intercept 0.008 96.7% Market Factor 1.237 1.3% Size Factor -0.891 2.4% Value Factor 0.355 28.2% Momentum Factor 0.089 88.3%
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