In relation to using historic beta to represent a firms current and future beta, which one of the following statements is false?

A. Calculating returns using daily share prices rather than weekly or monthly share prices will tend to increase the number of outliers in the dataset of returns

B. Going back further in time to increase the number of data points used when employing linear regression will reduce the standard error of the beta estimated

C. The more spread out data points are when estimating beta using historical returns and linear regression, the more accurate the estimate of beta will be.

D. When plotting the periodic returns on the share and the market on a graph and estimating the line of best fit, the returns on the market are plotted on the horizontal axis