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Do the estimated coefficients on the factors have the signs that you would have expected? (In answering this question, first state what sign you would
Do the estimated coefficients on the factors have the signs that you would have expected? (In answering this question, first state what sign you would expect on B2, B3, B4 , respectively, and provide a justification in each case. Then indicate whether the expected signs are what is obtained in Part A. Hint factors hml and smb are from fama french model, incorporate this into answer.
The estimated coefficients were:
Constant = -1.228313
MKT_rf = 1.441319
HML = -0.873722
SMB = 0.277959
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