Simple Linear Regression 29
taBLe 2.2 (continued)
Month Market Excess Return Excess Return for Fund A Excess Return for Fund B09/30/2001 –8.36 –6.74 –7.55
10/31/2001 1.69 0.79 2.08
11/30/2001 7.50 4.32 5.45
12/31/2001 0.73 1.78 1.99
01/31/2002 –1.60 –1.13 –3.41
02/28/2002 –2.06 –0.97 –2.81
03/31/2002 3.63 3.25 4.57
04/30/2002 –6.21 –4.53 –3.47
05/31/2002 –0.88 –1.92 –0.95
06/30/2002 –7.25 –6.05 –5.42
07/31/2002 –7.95 –6.52 –7.67
08/31/2002 0.52 –0.20 1.72
09/30/2002 –11.01 –9.52 –6.18
10/31/2002 8.66 3.32 4.96
11/30/2002 5.77 3.69 1.61
12/31/2002 –5.99 –4.88 –3.07
01/31/2003 –2.72 –1.73 –2.44
02/28/2003 –1.59 –0.57 –2.37
03/31/2003 0.87 1.01 1.50
04/30/2003 8.14 6.57 5.34
05/31/2003 5.18 4.87 6.56
06/30/2003 1.18 0.59 1.08
07/31/2003 1.69 1.64 3.54
08/31/2003 1.88 1.25 1.06
09/30/2003 –1.14 –1.42 –1.20
10/31/2003 5.59 5.23 4.14
11/30/2003 0.81 0.67 1.11
12/31/2003 5.16 4.79 4.69
01/31/2004 1.77 0.80 2.44
02/29/2004 1.33 0.91 1.12
03/31/2004 –1.60 –0.98 –1.88
04/30/2004 –1.65 –2.67 –1.81
05/31/2004 1.31 0.60 0.77
06/30/2004 1.86 1.58 1.48
07/31/2004 –3.41 –2.92 –4.36
08/31/2004 0.29 –0.44 –0.11
09/30/2004 0.97 1.09 1.88
10/31/2004 1.42 0.22 1.10
11/30/2004 3.90 4.72 5.53
12/31/2004 3.24 2.46 3.27