Lab Workshop 2 - solutions

Lab Workshop 2 - solutions - T ype of Fund Years of...

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Type of Years of Annual Regression Residuals Fund Experience Return Value SUMMARY OUTPUT Stocks 4 16.7% 15.6% -1.1% Stocks 2 11.4% 9.9% -1.5% Regression Statistics Stocks 6 23.9% 21.3% -2.6% Multiple R 0.94434714 Bonds 9 27.5% 29.8% 2.3% R Square 0.8917915216 Stocks 9 31.4% 29.8% -1.6% Adjusted R Square 0.887086805 Bonds 10 30.7% 32.6% 1.9% Standard Error 0.028415972 Bonds 1 4.4% 7.1% 2.7% Observations 25 Stocks 5 19.8% 18.4% -1.4% Stocks 9 30.3% 29.8% -0.5% ANOVA Bonds 2 10.0% 9.9% -0.1% df SS MS F Significance F Bonds 3 9.2% 12.8% 3.6% Regression 1 0.1530576081 0.153057608 189.5526608 1.358768E-012 Stocks 1 8.9% 7.1% -1.8% Residual 23 0.0185717519 0.000807467 Bonds 1 6.2% 7.1% 0.9% Total 24 0.17162936 Bonds 2 7.8% 9.9% 2.1% Stocks 3 14.4% 12.8% -1.6% Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Stocks 1 10.4% 7.1% -3.3% Intercept 0.042632044 0.0109093934 3.907828971 0.000707052 0.020064244 0.065199843 0.020064244 0.0651998435 Bonds 4 13.4% 15.6% 2.2% Experience 0.028364592 0.0020602105 13.76781249 1.3588E-012 0.0241027219 0.032626462 0.0241027219 0.0326264623 Bonds 4 16.0% 15.6% -0.4% Stocks 6 22.7% 21.3% -1.4% Stocks 4 20.7% 15.6% -5.1% Stocks 4 19.6% 15.6% -4.0% Bonds 4 10.3% 15.6% 5.3% Stocks 9 32.2% 29.8% -2.4% Stocks 5 16.5% 18.4% 1.9% Bonds 5 12.7% 18.4% 5.7% b a LINEST 0.02836459 0.04263 For a fund where the manager has 7 years of experience, the estimated return would be 24.1% 0 2 4 6 8 10 12 0.0% 10.0% 20.0% 30.0% 40.0% f(x) = 0.0283645921x + 0.0426320437 R² = 0.8917915216 Annual Return and Expereince Years of Experience Annual Return 0 2 4 6 8 10 12 -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% Residuals Years of Experience Residual Value
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Type of Type of Years of Annual SUMMARY OUTPUT Fund Fund Experience Return Stocks 1 4 16.7% Regression Statistics Stocks 1 2 11.4% Multiple R 0.9791148934 Stocks 1 6 23.9% R Square 0.9586659744 Bonds 0 9 27.5% Adjusted R Square 0.9549083357 Stocks 1 9 31.4% Standard Error 0.0179571869 Bonds 0 10 30.7% Observations 25 Bonds 0 1 4.4% Stocks 1 5 19.8% ANOVA Stocks 1 9 30.3% df SS MS F Significance F Bonds 0 2 10.0% Regression
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