What is Fama-French three-factor model?
Fama and French (1993) added a size factor (SMB) and value factor (HML) to CAPM's market factor, improving explanatory power.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.