The Fama and French three-factor model does not use ___ as one of the explanatory factors.
A) industrial production
B) inflation
C) firm size
D) book-to-market ratio
E) industrial production or inflation

Question

Quizplus · Accepted Answer

The Fama and French three-factor model includes firm size and book-to-market ratio as explanatory factors but does not include industrial production or inflation.

The Fama and French Three-Factor Model Does Not Use ___