Time$-$Series Tests for CAPM and the Fama$-$French $3-$Factor Model

Go to Kenneth R$.$ French$-$ Data Library $($you have to manually find and input that data$)$ and download data for Fama$/$French $3$ factors, momentum and short$-$term reversal factors. In Excel, conduct the Fama$-$French $3$ factor model and its variants using the Fama$-$French $49$ industries $($Use the period $2000-2016,$ Average Value Weighted Returns $--$ Monthly$)$

You must conduct the following tests:

$1)$ Fama$-$French $3$ factor model.

$2)$ Fama$-$French $3$ factor model $+$ momentum.

$3)$ Fama$-$French $3$ factor model $+$ reversal.

$4)$ Fama$-$French $3$ factor model $+$ momentum $+$ reversal.

Please summarize your results and provide your analysis.

Your report must cover the following points:

$1)$ What are the null and alternate hypotheses for each parameter in the models you are estimating?

$2)$ Produce a table of your results with estimates and t$-$statistics for each model parameter.

$3)$ How does the Fama$-$French $3$ factor model compare to other models?