Fama-MacBeth regression explained: calculating risk premia (Excel)

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  • Опубліковано 1 лис 2024

КОМЕНТАРІ • 26

  • @NEDLeducation
    @NEDLeducation  2 роки тому +3

    You can find the spreadsheets for this video and some additional materials here: drive.google.com/drive/folders/1sP40IW0p0w5IETCgo464uhDFfdyR6rh7
    Please consider supporting NEDL on Patreon: www.patreon.com/NEDLeducation

  • @OfficialDotaPlayer
    @OfficialDotaPlayer Рік тому +1

    Took me 7 repeats and some extra studying but i managed to understand this finally. Thanks man

  • @mad.finance
    @mad.finance 2 роки тому +5

    Man, you're a genius! Thanks for everything you share with us.

  • @kydkidd
    @kydkidd Рік тому +1

    Thanks for the great illustration in excel.

  • @rabih7969
    @rabih7969 2 роки тому +2

    Greatest guy and greatest video on UA-cam! Dude You saved my future 😂

  • @silentstorm718
    @silentstorm718 2 роки тому +2

    Thank you for uploading this great content. Please keep it up; I am able to get up to speed on a number of topics due to your efforts.

  • @MrMahankumar
    @MrMahankumar 2 роки тому +2

    Hey man great!!!!! Thank you for posting this video!

  • @yoofoo2620
    @yoofoo2620 2 роки тому +1

    Thanks very much for your video, which really really really helps me a lot.🤩

    • @NEDLeducation
      @NEDLeducation  2 роки тому

      Glad you liked the video! Stay tuned for more content on financial econometrics or feel free to check the playlist :)

  • @leilasabraouia9912
    @leilasabraouia9912 2 роки тому +2

    Hello, thank you so much sir. Can you please make a video on the estimation of a LCAPM model using Fama Macbeth regression.
    Thank you so much.

  • @algo7147
    @algo7147 2 роки тому

    Thanks Sava for sharing this much needed video. You did a great job.

  • @IAP_mkt
    @IAP_mkt 2 роки тому

    Я столько искал такое объяснение, наконец-то кто-то сделал нормальное видео где все понятно! Спасибо!!!

  • @ibt987
    @ibt987 7 місяців тому

    Thank you for this amazing video. I have a question! What data do I need to applicate this model ? Do I only need the stock returns? or i need the market capitalization and all other variable !!

  • @caitlinwakeford5248
    @caitlinwakeford5248 2 роки тому

    Thanks for this video, it helped a lot with my research!

  • @sreedharma
    @sreedharma 2 роки тому +1

    Can you please create a video on Ornstein Uhlenbeck Process?

  • @erdincaltay9495
    @erdincaltay9495 2 роки тому

    Thank you it is a very informative video. May I ask you how you prefer to deal with multi beta pricing model testing bet Fama MAcBeth procedure? Dou you estimate each factor betas individually bey cov/var (or slope) formula or dou you get all factor betas at ance as a result of one multivariable regression estimation (where asset return is dependend and factor returns are independend variables in one regression model)? Thank you.

    • @stefanocassella6657
      @stefanocassella6657 2 роки тому

      Hello, I think you estimate all betas at once using the multifactor model on the right-hand side of your regression.

  • @Septumsempra8818
    @Septumsempra8818 2 роки тому

    If we have two covariance matrices, one sample covariance and one from a factor model. Assuming that factor covariance matrix can miss that two assets in your portfolio are highly correlated (Exxon and BP) and thus give us bogus weights. How do we take a combination of both (maybe a Bayesian update, average etc) to keep the advantages of both?
    s/o from South Africa

  • @neerajkumarsharma8853
    @neerajkumarsharma8853 2 роки тому +1

    Can you please cover fama french three factor model using regression? All the videos just use plain regression whereas we have t terms in the regression. so shouldn't we use panel regression?

    • @NEDLeducation
      @NEDLeducation  2 роки тому +5

      Hi Neeraj, and thanks for the suggestion! Definitely planning to tackle multi-factor models very soon.

    • @neerajkumarsharma8853
      @neerajkumarsharma8853 2 роки тому

      @@NEDLeducation Looking forward to it. Cheers

  • @MrMandarpriya
    @MrMandarpriya 2 роки тому +2

    This is so amazing Sir, Can you give the coding for the same in Python and R, that would be so awesome.

    • @NEDLeducation
      @NEDLeducation  2 роки тому

      Hi Mandar, and thanks for the suggestion! I do implement Python tutorials (not quite as often as Excel though), generally when the calculations are too complicated or cumbersome to do them in Excel.

    • @danilorocha1659
      @danilorocha1659 7 місяців тому

      @@NEDLeducation Could you please share the coding of the Fama-macbeth procedure in R? Amazing video by the way

  • @牙牙高
    @牙牙高 2 роки тому

    救命了