10.55 T-bills and inflation.
Figure 10.10 (page 499) gives the Excel output for regressing the annual return on Treasury bills on the annual rate of inflation. The data appear in Table 10.1 (page 498). Starting with the regression standard error from the output and the variance of the inflation rates in Table 10.1 (use your calculator), find the standard error of the regression slope . Check your result against the Excel output.
10.55
. It is the same as the Excel output.