题目
An analyst is researching the relationship between corporate earnings growthand stock returns. Specifically, she is interested in whether earnings revisionsaffect stock price returns in the same period. She collects five years of monthlydata on “Wall Street” EPS revisions for a sample of 100 companies and on theirmonthly stock price returns over the five-yearperiod.What are the dependent and independent variables in her model?
选项
A.The dependent variable is monthly stock price returns, and the independent variable is Wall Street EPS revisions.
B.The dependent variable is Wall Street EPS revisions, and the independent variable is monthly stock price returns.
C.The dependent variable and the independent variable can switch positions.
答案
A
解析
A is correct. The dependent variable is monthly stock price returns, and the independentvariable is Wall Street EPS revisions, since in the analyst’s model, the variation inmonthly stock price returns is being explained by the variation in EPS revisions.A是正确的。因变量是月度股价回报，自变量是每股收益