Empirical Studies Include All but What

question 18

Multiple Choice

Empirical studies include all but what:

• A)large sample size
• B)randomized controls
• C)small sample size
• D)replication

---

Definitions:

Jensen's Measure

A performance metric that evaluates the excess return of an investment portfolio over the predicted return by the Capital Asset Pricing Model (CAPM), adjusted for market risk.

Market Portfolio

A hypothetical collection of all market assets, each proportioned by its market value.

Betas

An evaluation measure for the volatility or inherent risk present in a security or portfolio in comparison to the total market.