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Use 36 months of data on the industry portfolio of Agriculture (Agriculture) and other data of the market index excess returns (Rm Rf) and the
Use 36 months of data on the industry portfolio of Agriculture (Agriculture) and other data of the market index excess returns (Rm Rf) and the risk-free return (Rf) contained in the Excel file to perform the following tasks. Required: a) Describe the steps taken to estimate alpha and beta of the industry portfolio using the CAPM. [3 marks] b) Use a table to summarize your estimation results of annual expected return, annual standard deviation, alpha, and beta of the industry portfolio. [2 marks]
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