The linear regression models are jointly valid on the F-statistic but their explanatory power measured by R-squared remains very limited, with R-squared values of roughly 0.003 to 0.014.
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The F-statistics support the validity of the models, while the explanatory power, measured by the R-squared is still very limited.
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Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014), 5.1. Linear Regression https://ssrn.com/abstract=2389416 · source PDF
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Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416
restated_bykaal:claim:2816408-023 In regressions including a dummy for AUM above $150 million, the dummy is statistically significant and positi...
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