Question: 1. In class, we learned that we can assess the impact of a macro indicator by running a regression of the appropriate measure of stock

1. In class, we learned that we can assess the impact of a macro indicator by running a regression of the appropriate measure of stock market returns on the appropriate measure of the surprise contained in the announcement of the macro indicator

a. Using the posted spreadsheet, how exactly would you measure a surprise in nonfarm payrolls? Please state your answer by copying and pasting the corresponding Excel formula with cell references below.

b. Using the posted spreadsheet, how exactly would you measure the stock return associated with the nonfarm payroll announcement? Please state your answer by copying and pasting the corresponding Excel formula with cell references below.

1. In class, we learned that we can assess the impact

.0 K 0 0 0 0 0 0 0 0 0 K 0 0 0 0 0 K 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 K 0 0005 .O 0 5 0 0 0 0 0 0 0 0 0 K 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68525 74 3 5 5 8 8 5 80 7 8 8 5 1 9 95 al-K OK K KKKKKKKKKKKK OK OK OK OK KKKKKKKKKKKK OK OK K OK OK igh Act 8 2 5 5 5 6 8 6 2 3 9 2 1 2 2 1 33 2 2 4 2 3 1 1 2 2 1 2 1 2 1 3 04 20 6 3 try-uuuuuuuuuuuuuuuu_uuuuuuuuuuuuuuuuuuuu 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 8 6 Dat-03 08. 05 02 07 04 02 06 03 10-07 05 02 07 04 01 06 03. 08, 05 02 09 06. 04. 01 06 03 07 05 02 07 04 01 08 05 03 3 4 5 6 78 9 01234567890 22 3333333333-4 0123 4 5 6 7 9 0 1 23456789 1 2 .0 K 0 0 0 0 0 0 0 0 0 K 0 0 0 0 0 K 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 K 0 0005 .O 0 5 0 0 0 0 0 0 0 0 0 K 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68525 74 3 5 5 8 8 5 80 7 8 8 5 1 9 95 al-K OK K KKKKKKKKKKKK OK OK OK OK KKKKKKKKKKKK OK OK K OK OK igh Act 8 2 5 5 5 6 8 6 2 3 9 2 1 2 2 1 33 2 2 4 2 3 1 1 2 2 1 2 1 2 1 3 04 20 6 3 try-uuuuuuuuuuuuuuuu_uuuuuuuuuuuuuuuuuuuu 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 8 6 Dat-03 08. 05 02 07 04 02 06 03 10-07 05 02 07 04 01 06 03. 08, 05 02 09 06. 04. 01 06 03 07 05 02 07 04 01 08 05 03 3 4 5 6 78 9 01234567890 22 3333333333-4 0123 4 5 6 7 9 0 1 23456789 1 2

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