We regressed daily returns of a stock against a market index. The regression produced a beta for the stock, with respect to the market index, of 1.050. The stock's volatility was 30.0% and the market's volatility was 20.0%. If the regression's total sum of squares (TSS) is 0.300, what is the regression's explained sum of squares (ESS)?
We regressed daily returns of a stock against a market index. The regression produced a beta for the stock, with respect to the market index, of 1.050. The stock's volatility was 30.0% and the market's volatility was 20.0%. If the regression's total sum of squares (TSS) is 0.300, what is the regression's explained sum of squares (ESS)? A.0.0960; B.0.1470; C.0.4900; D.1.2500