1. Use the information in the table below to answer this question. Table 1: Market timing model regression estimates Manager Hi, is there any specific approach for us to get the market timing and the stock selection ability? On the other hand, how to calculate beta and the others in the regression model? Formula fai will be ?

31. Use the information in the table below to answer this question. Table 1: Market timing model regression estimates Manager B W 1 0.05* 1.04 -0.35* N 0.00 0.99 0.01 W 0.10 1.02 0.25* You estimate the Treynor-Mazuy market timing model for three fund managers to determine if they demonstrate managerial skill. The regression estimates are reported in the table. Statistical significance of the estimates in the above table is denoted by *. Which of the following statements is most correct? a. Manager 1 demonstrates superior stock selection ability b. Manager 1 demonstrates superior market timing ability c. Manager 3 demonstrates superior market timing ability d. All of the above e. A and C only