Fama & French don't define the risk premia as the estimators from a sample.Right. I’ll stick with Fama and French. And hard numbers rather than hand waving.Right so far, that is a type of model of the kind I described above.
This is getting into the issue of how you can estimate the inputs to that model. The paper I linked before explains why estimating such inputs is a complex topic, and the different possible approaches. But as you have said, you are not interested in learning about any of that.
Statistics: Posted by Northern Flicker — Mon Sep 22, 2025 2:15 pm — Replies 193 — Views 12906