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3. (20pt) You want to check whether a single factor model explains the excess return of Apple Inc. stock using the overall market performance. (Refer

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3. (20pt) You want to check whether a single factor model explains the excess return of Apple Inc. stock using the overall market performance. (Refer to the example of Amazon's single factor model in Lecture 3 - Part III.) Data source - Apple Inc, monthly price: Yahoo! Finance -QQQ ETF (monthly market performance): Yahoo Finance - Risk-free rate: Kenneth R. French's website The test period is from January 2011 to December 2020. Compute the correlation coefficient p and the R-square without using the CORREL function and data analysis in Excel. 3. (20pt) You want to check whether a single factor model explains the excess return of Apple Inc. stock using the overall market performance. (Refer to the example of Amazon's single factor model in Lecture 3 - Part III.) Data source - Apple Inc, monthly price: Yahoo! Finance -QQQ ETF (monthly market performance): Yahoo Finance - Risk-free rate: Kenneth R. French's website The test period is from January 2011 to December 2020. Compute the correlation coefficient p and the R-square without using the CORREL function and data analysis in Excel

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