O.,) C1S pts) We can test the market-timing and stock picking ability of a mutual fund manager by running the following regression model Ri monthly returns (Rm-RMpe (Rm-R02 where Ri is the fund's monthly net of expe nse ratic rf -a+b) The t Stat 2.25 1.13 2.83 Coefficients 0.35% 0.74 0.52 Given the above regression output, a) Do you think this manager is able to time the market? Why? (7.5 pts) b) Do you think this manager has stock picking abilities? Why? (7.5 pts) O.,) C1S pts) We can test the market-timing and stock picking ability of a mutual fund manager by running the following regression model Ri monthly returns (Rm-RMpe (Rm-R02 where Ri is the fund's monthly net of expe nse ratic rf -a+b) The t Stat 2.25 1.13 2.83 Coefficients 0.35% 0.74 0.52 Given the above regression output, a) Do you think this manager is able to time the market? Why? (7.5 pts) b) Do you think this manager has stock picking abilities? Why? (7.5 pts)