Question: Use the data in the spreadsheet provided to estimate the beta of Nike stock using linear regression. The beta of Nike stock is (Round to




Use the data in the spreadsheet provided to estimate the beta of Nike stock using linear regression. The beta of Nike stock is (Round to four decimal places.) Returns (%) S&P 500 Nike 2.3064 1.7529 1.5467 5.1536 - 1.0685 6.5802 - 7.6024 -2.4230 1.4127 - 1.1119 6.7463 2.1563 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 - 3.7681 0.2714 2.0555 1.7810 4.8243 3.5180 -2.6557 2.2695 - 1.6937 -4.0132 3.5758 4.8998 3.1853 4.1200 7.4179 - 4.4768 0.3694 - 3.8988 - 7.8022 - 2.5182 3.7916 1.1531 4.3331 -0.5943 1.0609 - 2.0784 4.0406 7.0173 5.6569 -3.2333 -5.8353 3.8271 2.9016 1.4872 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 2.1102 -6.7289 7.2020 - 1.5787 -3.8308 - 1.8695 1.2452 Apr-11 May-11 Jun-11 Jul-11 0.3476 4.0112 -0.1644 1.9060 1.2968 - 3.1042 -0.0396 -0.1902 2.5085 1.9452 3.7086 2.3716 1.0823 1.9438 - 1.3998 1.2949 3.9893 -2.4691 2.2279 8.8782 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 4.8619 7.6948 0.4548 -0.2222 5.7282 2.0676 1.3740 5.3658 3.0396 3.8894 -1.4758 -3.1753 1.1623 4.0903 -3.1566 -0.1949 4.4462 12.9560 2.5842 -4.9279 -0.9206 - 1.7974 -0.4342 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 - 6.2305 - 2.2040 - 1.0470 5.1144 2.3825 - 7.8625 - 1.315 1.1042 - 9.8060 - 18.4726 -8.5206 -4.5299 - 1.8425 13.3389 - 1.7647 2.3503 - 12.4762 -1.5601 3.2890 10.7573 - 13.8565 - 7.6002
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