In developing their test of a multifactor model,Chen,Roll,and Ross hypothesized that __________ for systematic factors.
A)the monthly growth rate in industrial production might be a proxy
B)unexpected inflation might be a proxy
C)expected inflation might be a proxy
D)A and B
E)A,B,and C

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The Answer of In developing their test of a multifactor model,Chen,Roll,and Ross hypothesized that __________ for systematic factors.
A)the monthly growth rate in industrial production might be a proxy
B)unexpected inflation might be a proxy
C)expected inflation might be a proxy
D)A and B
E)A,B,and C

In Developing Their Test of a Multifactor Model,Chen,Roll,and Ross Hypothesized