Question: Based on the class discussion, do you think the sign of the X coefficient makes sense? Why is this regression result important given Capris pre-announcement
Based on the class discussion, do you think the sign of the X coefficient makes sense? Why is this regression result important given Capris pre-announcement price and the premium paid. Make your explanation intuitive to someone who does not understand regression or much finance.
X coefficient = -0.224709 , Capri's Preaanouncement price 34.54, and the premium paid is 59%
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