Fama and French study what factors impact the returns of an equity. Assume the following results are part of analysis which regresses firms' returns on the returns of market index, size factor SMB, and value factor HML. F-test for the model goodness of fit is given in the following: ANOVA Significance df SS MSS F F Regression 3 3.56 1.19 2.27 0.034 Residual 326 170.25 0.52 Total 329 173.81 Which of the following statement is CORRECT? The model fits the data well since the p-value of the F-test is equal to 3.4% which is smaller than the significant level 5%. OF-test is used to test the intercept term in the model From the F-test, we can decide which independent variable' coefficient is significantly different from zero The model does not fit the data well since F-stat value is equal to 2.27 which fails to reject the null hypothesis Fama and French study what factors impact the returns of an equity. Assume the following results are part of analysis which regresses firms' returns on the returns of market index, size factor SMB, and value factor HML. F-test for the model goodness of fit is given in the following: ANOVA Significance df SS MSS F F Regression 3 3.56 1.19 2.27 0.034 Residual 326 170.25 0.52 Total 329 173.81 Which of the following statement is CORRECT? The model fits the data well since the p-value of the F-test is equal to 3.4% which is smaller than the significant level 5%. OF-test is used to test the intercept term in the model From the F-test, we can decide which independent variable' coefficient is significantly different from zero The model does not fit the data well since F-stat value is equal to 2.27 which fails to reject the null hypothesis