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Please, explain your answer Interpret the following results: Coefficients P-value Intercept 0.036 0.003 Mkt-RF 1.23 0.000008 (Mkt-RF)^2 0.56 The fund is a market timer. On
Please, explain your answer
Interpret the following results: Coefficients P-value Intercept 0.036 0.003 Mkt-RF 1.23 0.000008 (Mkt-RF)^2 0.56 The fund is a market timer. On average it has outperformed the market and its outperformance is entirely due to market timing. 0.025 The fund is a market timer. On average it has outperformed the market even after controlling for market timing. The fund is not a market timer. On average it has outperformed the market model. The fund is not a market timer but it contains growth firms. On average it has outperformed the market model even after controlling for growth and market timing. Interpret the following results: Coefficients P-value Intercept 0.036 0.003 Mkt-RF 1.23 0.000008 (Mkt-RF)^2 0.56 The fund is a market timer. On average it has outperformed the market and its outperformance is entirely due to market timing. 0.025 The fund is a market timer. On average it has outperformed the market even after controlling for market timing. The fund is not a market timer. On average it has outperformed the market model. The fund is not a market timer but it contains growth firms. On average it has outperformed the market model even after controlling for growth and market timingStep by Step Solution
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