Unformatted text preview: 2 . I Easy to use; add other factors to the basic model and check if they are signiﬁcant. I Some issues: need to estimate ‘ β m ’ in the ﬁrst place; Introduce errors in variables....
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- Summer '10
- Regression Analysis, γj, Γ0, cross-sectional regression, ﬁrst place, Sharpe-Lintner CAPM