Question: For the T-bill case, the first regression model (eq 2.46) generates very high R 2 (96.5%), but why this model is still a bad one?

For the T-bill case, the first regression model (eq 2.46) generates very high R2 (96.5%), but why this model is still a bad one?

After reading the T-bill case, what is the best model do you think? Why?

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