1. compute the and by instead using the analytical formula given in the Example in the textbook.
2. Finally, compare the beta you computed from the two methods to the beta for Archer Daniels listed in the upper left-hand corner of Value Lines Stock Report. Do your results match the Value Line beta? What might explain the differences?

Price and dividend data, Archer Daniels (ADM) and S&P 500 Price: Archer Dai dividend amount 14.93 0.05 15.05 0 13.15 0 11.91 0 13.5 0.05 13.05 0 13.39 0 13.43 0.05 13.43 OOO 0.05 12.59 13.93 15.39 14.35 13.94 13.85 0 S&P500 Adjusted Index Leve 1366.01 1239.94 1160.33 1249.46 1255.82 1224.38 1211.23 1133.58 1040.94 1059.78 1139.45 1148.08 1130.2 1106.73 1147.39 1076.92 1067.14 989.82 911.62 916.07 815.28 885.76 936.31 879.82 855.7 841.15 0 0.05 13.93 0 Date 1/31/01 2/1/01 3/1/01 4/2/01 5/1/01 6/1/01 7/2/01 8/1/01 9/4/01 10/1/01 11/1/01 12/3/01 1/2/02 2/1/02 3/1/02 4/1/02 5/1/02 6/3/02 7/1/02 8/1/02 9/3/02 10/1/02 11/1/02 12/2/02 1/2/03 2/3/03 3/3/03 4/1/03 5/1/03 6/2/03 7/1/03 8/1/03 9/2/03 10/1/03 11/3/03 12/1/03 0 0.05 0 0 0.06 0 13.27 14.55 12.79 11.7 12.19 12.51 13.62 13.33 12.4 12.05 10.9 10.8 0 0.06 0 0 0.06 0 0 0.06 0 11.08 11.97 12.87 13.14 13.87 13.11 14.35 14.29 . 848.18 916.92 963.59 974.5 990.31 1008.01 995.97 1050.71 1058.2 0 0.06 0 0 0.06 1111.92 Price and dividend data, Archer Daniels (ADM) and S&P 500 Price: Archer Dai dividend amount 14.93 0.05 15.05 0 13.15 0 11.91 0 13.5 0.05 13.05 0 13.39 0 13.43 0.05 13.43 OOO 0.05 12.59 13.93 15.39 14.35 13.94 13.85 0 S&P500 Adjusted Index Leve 1366.01 1239.94 1160.33 1249.46 1255.82 1224.38 1211.23 1133.58 1040.94 1059.78 1139.45 1148.08 1130.2 1106.73 1147.39 1076.92 1067.14 989.82 911.62 916.07 815.28 885.76 936.31 879.82 855.7 841.15 0 0.05 13.93 0 Date 1/31/01 2/1/01 3/1/01 4/2/01 5/1/01 6/1/01 7/2/01 8/1/01 9/4/01 10/1/01 11/1/01 12/3/01 1/2/02 2/1/02 3/1/02 4/1/02 5/1/02 6/3/02 7/1/02 8/1/02 9/3/02 10/1/02 11/1/02 12/2/02 1/2/03 2/3/03 3/3/03 4/1/03 5/1/03 6/2/03 7/1/03 8/1/03 9/2/03 10/1/03 11/3/03 12/1/03 0 0.05 0 0 0.06 0 13.27 14.55 12.79 11.7 12.19 12.51 13.62 13.33 12.4 12.05 10.9 10.8 0 0.06 0 0 0.06 0 0 0.06 0 11.08 11.97 12.87 13.14 13.87 13.11 14.35 14.29 . 848.18 916.92 963.59 974.5 990.31 1008.01 995.97 1050.71 1058.2 0 0.06 0 0 0.06 1111.92