YES, THE APT IS TESTABLE

[1] BROCK WA, 1982, EC INFORMATION UNCER, P1

[2] A NEW APPROACH TO TESTING ASSET PRICING-MODELS - THE BILINEAR PARADIGM [J]. JOURNAL OF FINANCE, 1983, 38 (03) : 711 - 743

[3] ARBITRAGE, FACTOR STRUCTURE, AND MEAN-VARIANCE ANALYSIS ON LARGE ASSET MARKETS [J]. ECONOMETRICA, 1983, 51 (05) : 1281 - 1304

[4] FUNDS, FACTORS, AND DIVERSIFICATION IN ARBITRAGE PRICING-MODELS [J]. ECONOMETRICA, 1983, 51 (05) : 1305 - 1323

[5] CHAN KC, 1983, EXPLORATORY INVESTIG

[6] Chen N., 1983, EC FORCES STOCK MARK

[7] SOME EMPIRICAL TESTS OF THE THEORY OF ARBITRAGE PRICING [J]. JOURNAL OF FINANCE, 1983, 38 (05) : 1393 - 1414

[8] EXACT PRICING IN LINEAR FACTOR MODELS WITH FINITELY MANY ASSETS - A NOTE [J]. JOURNAL OF FINANCE, 1983, 38 (03) : 985 - 988

[9] ON THE ROBUSTNESS OF THE ROLL AND ROSS ARBITRAGE PRICING THEORY [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 1984, 19 (01) : 1 - 10

[10] CONNOR G, 1981, FACTOR PRICING THEOR

[1] BROCK WA, 1982, EC INFORMATION UNCER, P1

[2] A NEW APPROACH TO TESTING ASSET PRICING-MODELS - THE BILINEAR PARADIGM [J]. JOURNAL OF FINANCE, 1983, 38 (03) : 711 - 743

[3] ARBITRAGE, FACTOR STRUCTURE, AND MEAN-VARIANCE ANALYSIS ON LARGE ASSET MARKETS [J]. ECONOMETRICA, 1983, 51 (05) : 1281 - 1304

[4] FUNDS, FACTORS, AND DIVERSIFICATION IN ARBITRAGE PRICING-MODELS [J]. ECONOMETRICA, 1983, 51 (05) : 1305 - 1323

[5] CHAN KC, 1983, EXPLORATORY INVESTIG

[6] Chen N., 1983, EC FORCES STOCK MARK

[7] SOME EMPIRICAL TESTS OF THE THEORY OF ARBITRAGE PRICING [J]. JOURNAL OF FINANCE, 1983, 38 (05) : 1393 - 1414

[8] EXACT PRICING IN LINEAR FACTOR MODELS WITH FINITELY MANY ASSETS - A NOTE [J]. JOURNAL OF FINANCE, 1983, 38 (03) : 985 - 988

[9] ON THE ROBUSTNESS OF THE ROLL AND ROSS ARBITRAGE PRICING THEORY [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 1984, 19 (01) : 1 - 10

[10] CONNOR G, 1981, FACTOR PRICING THEOR