Macroeconomic Model derived, always

irlfaan7

Hi does the intercept on the macro model always have to be derived from APT or can you use CAPM?

hw0799

i think both can be used but the APT would make the most sense since the APT is also a multi-factor model.

Fdez

Yeah cos in a q on on one of the mocks is uses APT but I was sure you could use either. But CAPM is not one of the answers to chose APT.