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MAIN MENU -- Chapter 7
Instructions Problem 16
Data
Instructions
Navigating the Workbook
Entering your information
Entering data
Printing
You can always move quickly around an Excel workbook by selecting the
worksheet tab at the bottom of the screen. Each worksheet in an Excel workbook
will have its own tab. In the spreadsheets to accompany this text
you will see a separate tab for each problem along with the Main Menu,
Instructions, and Help Topics worksheets.
For each question you will see the following lists and boxes:
Student Name:
Course Name:
Student ID:
Course Number:
To enter numbers or text for these questions click the cell you want, type the data and
press ENTER or TAB. Press ENTER to move down the column or TAB to move across the row.
For cells or columns where you want to enter text select “Format”, “Cells” from
Excel’s main menu at the top of your screen. Select the “Number” tab and “Text”
from the category list.
Printing Top
To print your work select "File", "Print Preview" from Excel’s main menu at the top
of your screen. The print area for each question has been set but be sure to review
the look of your print job. If you need to make any changes select “Setup” when
you are previewing the document.
Excess Return
Toyota Market
-3.04 -8.40
3.69 0.95
-17.15 -7.12
-11.47 -16.82
-4.35 -9.66
3.96 1.25
-8.63 -1.24
-8.06 -8.69
0.37 1.17
0.43 4.43
-7.19 -1.16
0.00 -3.00
1.76 -6.58
-5.92 -1.81
-2.06 -4.51
-2.39 0.71
0.60 3.04
-4.50 0.48
-4.57 -3.93
3.83 -2.28
-0.98 2.51
-5.69 3.56
-4.45 0.40
0.94 -2.84
-2.28 0.71
11.46 -0.07
1.33 1.17
7.95 2.34
0.10 1.86
2.57 1.38
0.20 -0.35
-3.03 -0.60
-8.68 -3.73
7.19 0.52
1.56 0.97
2.70 -0.13
-1.19 1.77
7.82 -0.81
3.98 3.85
0.19 -2.94
13.29 0.20
7.83 -1.41
5.89 3.36
-0.55 -0.33
-1.58 2.80
-2.46 -2.29
-3.90 -2.15
-0.69 1.77
-4.66 -2.56
9.44 2.71
-3.82 4.24
1.48 1.07
-3.08 0.78
-1.11 0.05
-2.07 -3.38
12.75 1.73
-1.25 1.54
-1.83 -2.07
8.28 -1.44
4.04 1.21
Chapter 7
Problem 16
Student Name:
Course Name:
Student ID:
Course Number:
Use the monthly returns found in the worksheet "Data" to run the Regression command from the Data Analysis tool.
Save the output to a new worksheet and post your results here.
a. Estimate the index model for each firm over the full five-year period. Compare the betas of each firm.
Company beta
GM
Ford
Toyota
b. Now estimate the betas for each firm using only the first two years of the sample and then using only the last two years.
How stable are the beta estimates obtained from these shorter subperiods?