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