please answer asap. i will rate

Transcribed image text: We can test the market-timing and stock picking ability of a mutual fund manager by running the following regression model: Ri -rf = a + b (Rm-Rf) + c * (Rm-R1)2 where Ri is the fund's monthly net of expense ratio monthly returns. The regression output is the following: Coefficients f Stat 0.35% 2.25 0.74 1.13 0.52 2.83 a b Given the above regression output, do you think this manager is able to time the market? Why? (15pts) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Transcribed image text: We can test the market-timing and stock picking ability of a mutual fund manager by running the following regression model: Ri -rf = a + b (Rm-Rf) + c * (Rm-R1)2 where Ri is the fund's monthly net of expense ratio monthly returns. The regression output is the following: Coefficients f Stat 0.35% 2.25 0.74 1.13 0.52 2.83 a b Given the above regression output, do you think this manager is able to time the market? Why? (15pts) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)