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Question

A financial analyst uses the following model to estimate a firm's stock return: Return $=\beta_0{ }^{+}$ $\beta_1 P / E+\beta_2 P / S+\varepsilon$, where $P / E$ is a firm's price-to-earnings ratio and $P / S$ is a firm's price-to-sales ratio. For a sample of 30 firms, she finds that $S S E=4,402.786$ and $S S T=5,321.532$.

c. Calculate the adjusted $\mathrm{R}^2$.

Solution

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Answered 1 year ago

Step 1

1 of 9In this part of the problem, the goal is to calculate the adjusted coefficient of determination for the given data.

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