Which of the following is true regarding the impact of Security selection and Market timing decisions on portfolio performance as identified by Brinson, Hood, and Beebower $(1995)?$

Market timing lost over $1\%$ on average per year

The losses to Market timing were almost twice as bad as the losses to Security selection

Security selection contributed to extra $0\mathrm{.}67\%$ to portfolio returns

Market timing was twice as profitable as Security selection