Using the daily returns of GE and the S&P500, estimate the characteristic line or market model. Please include both the equation (intercept and slope) of the market model and the diagram. Note that the 31 daily closing prices will provide you with 30 daily returns. You might want to use the following Excel Functions to solve this problem (LINEST, INTERCEPT, SLOPE).

Date		GE		S&P500
12/28/2020		10.64		3721.7
12/29/2020		10.56		3714.6
12/30/2020		10.71		3719.9
12/31/2020		10.8		3738.8
1/4/2021		10.47		3687.9
1/5/2021		10.77		3713.3
1/6/2021		11.36		3735.5
1/7/2021		11.27		3791
1/8/2021		11.34		3812.6
1/11/2021		11.45		3786.9
1/12/2021		11.78		3787.7
1/13/2021		11.57		3797.9
1/14/2021		11.66		3784.6
1/15/2021		11.33		3757
1/19/2021		11.43		3786.5
1/20/2021		11.39		3838.9
1/21/2021		11.07		3842.4
1/22/2021		11.11		3828.8
1/25/2021		10.99		3843.9
1/26/2021		11.29		3837.9
1/27/2021		11.38		3744.1
1/28/2021		11.09		3776.3
1/29/2021		10.68		3700.7
2/1/2021		10.74		3762.3
2/2/2021		11.24		3815.5
2/3/2021		11.2		3818.5
2/4/2021		11.45		3861.9
2/5/2021		11.4		3877.1
2/8/2021		11.61		3905.1
2/9/2021		11.54		3902.5
2/10/2021		11.415		3900.97