Question: You want to check whether a single factor model explains the excess return of Apple Inc. stock using the overall market performance. Data source

You want to check whether a single factor model explains the excess return of Apple Inc. stock using the

You want to check whether a single factor model explains the excess return of Apple Inc. stock using the overall market performance. Data source - Apple Inc. monthly price: Yahoo! Finance - QQQ ETF (monthly market performance): Yahoo! Finance Risk-free rate: Kenneth R. French's website The test period is from January 2011 to December 2020. Compute the correlation coefficient p and the R-square R without using the CORREL function and data analysis in Excel.

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