26 Jun PARAMETER ESTIMATION
XRAAPLt = ? + ?*XRMKTt + ?SMB*SMBt + ?HML*HMLt + ?t From the parameter estimation, we have the following: Variable Parameter Coefficients Standard Errors t-Statistics Intercept ? 1.2664 0.6423 1.9717 XRMKTt ? 1.2546 0.1455 8.6218 SMBt ?SMB 0.4690 0.2264 2.0718 HMLt ?HML -0.4428 0.1800 -2.4600 R 2 0.2395 F-ratio 35.8988 Number of observations 346 Durbin-Watson 1.8911 1) 1nterpret the model from a financial perspective. That is, what are these four estimated coefficients telling you about Apples systematic stock market performance? Does each make theoretical and intuitive sense? Explain your answers. (Note that a non-zero intercept or alpha denotes the presence of arbitrage opportunities.) 2 Comment briefly on the statistical significance of the intercept and each of the independent variables as indicated by their t-ratios and on the statistical significance of the model as a whole as indicated by the F-ratio. What is the interpretation of R 2 ? •
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.