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Bayesian Diagnostic Checking of the Capital Asset Pricing Model

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Figure

Table 1. Posterior estimates of the CAPM for the SRA data.
Figure 1. Plot of standardized Bayesian residuals versus fitted values for the CAPM with usual errors (a) and autocorrelated nor-mal errors (b)
Figure 2. Time series plot and ACF plot of Bayesian residuals for the CAPM.
Table 3. Posterior estimates of the CAPM with autocorrelated normal errors for the SRA data
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