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Use the regression output of IBM's stock returns against the market returns to answer the following question: If tomorrow's market return is -0.03, then IBM's

image text in transcribedUse the regression output of IBM's stock returns against the market returns to answer the following question: If tomorrow's market return is -0.03, then IBM's expected return is _____? *include steps*

SUMMARY OUTPUT \begin{tabular}{lr} \hline \multicolumn{2}{c}{ Regression Statistics } \\ \hline Multiple R & 0.59984623 \\ R Square & 0.3598155 \\ Adjusted R Square & 0.3593058 \\ Standard Error & 0.01004944 \\ Observations & 1258 \\ \hline \end{tabular} ANOVA

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