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This regression equation is used to test for market timing ability: rpt - rft = a + b(rMt - rFt) + c(rmt - rFt) x
This regression equation is used to test for market timing ability: rpt - rft = a + b(rMt - rFt) + c(rmt - rFt) x D A portfolio manager that has market timing skills would have a portfolio in which the regression: has a positive "c" coefficient has a negative "c" coefficient has a positive "a" coefficient has a negative "a" coeffcient This regression equation is used to test for market timing ability: rpt - rft = a + b(rMt - rFt) + c(rmt - rFt) x D A portfolio manager that has market timing skills would have a portfolio in which the regression: has a positive "c" coefficient has a negative "c" coefficient has a positive "a" coefficient has a negative "a" coeffcient
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