1. Estimate the Fama and French model and interpret your output (I just want the interpretation)

SUMMARY OUTPUT FF 3 factors model estition Rf-rf = alpha + beta1(Mkt-rf)+beta2(SMB) + beta3(HML) Regression Statistics Multiple R 0.937136379 R Square 0.878224594 Adjusted R Square 0.877904132 Standard Error 1.843417768 Observations 1144 ANOVA df SS MS F Significance F 0 Regression Residual Total 3 1140 1143 27938.19839 3873.935538 31812.13392 9312.733 2740.499 3.398189 Intercept Mkt-RF Coefficients 0.12480515 0.928601624 0.0001034 -0.016823853 Standard Error t Stat P-value 0.055085632 2.265657 0.023659 0.011017853 84.28154 0 0.018112829 0.005709 0.995446 Lower 95% 0.016724546 0.906984077 -0.035434824 Upper 95% Lower 95.0% Upper 95.0% 0.232885755 0.016724546 0.232885755 0.950219171 0.906984077 0.950219171 0.035641624 -0.035434824 0.035641624 0.014409024 -0.048056731 0.014409024 SMB HML 0.015918516 -1.056873 0.290793 -0.048056731