The Academic study of Investments Empirical research uses actual market data rather than mathematical models 2MHq7自51 772 03n9:IB52475n522755.3235.3009:127 mH:bUt,非:bb.b.|数:2: 2mn9:533m53:55.4B35.46009:1:2M I 7F0971525.145.11|?7H HFR97T5m否A5们1;55.n5.166n.l2R 01N二v9:IB5.1B05.1c05.2a5.259:12 08HV9:B52325D521255.3535.3409:127M An anomaly is an observed result that defies explanation within the known theoretical framework Strong Cl-The Concept of Investing 181 - 8 Strong C1 – The Concept of Investing Empirical research uses actual market data rather than mathematical models. An anomaly is an observed result that defies explanation within the known theoretical framework. The Academic Study of Investments