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What are the econometric assumptions in the Fama-Macbeth procedure (1973)?
Fama-Macbeth (1973) introduce a two stage cross-sectional regression method (http://en.wikipedia.org/wiki/Fama%E2%80%93MacBeth_regression). 1) If I was to regress stock prices (or returns) on a ...
Jan 27 at 9:47
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