Our task How to estimate and test discount factor model. Ep,=E(m (data 1, parameter)) 1. Bring an asset pricing model to data to estimate free parameters. For example, parameter,yinm=B(c+1/c)-y Or the b in m=b f 2. Evaluate the model, is it a good model or not? Is another model better?

Introduction The consumption-based model as a complete answer to most asset pricing question in principle, does not work well in practice; This observation motivates effects to tie the discount factor m to other data; Linear factor pricing models are most popular models of this sort in finance; They dominate discrete-time empirical work

I, Aims and Requirements 1 To review the classification of sentences 2 To let the ss know the location combination and the choice of relative pronouns and adverbs 3, To remember some typical sentences and learn by analo I、 Key points: The choice of relative pronouns and relative adverbs I、 Difficult points:

Discussion Points How to measure returns? How to choose benchmark? How to adjust for risk? Performance attribution. Active return and risk

Guangdong Instltute of Textile Technolegy Justification Textile materials are the basic materials. It is crucial to establish a basic understanding of the science governing the behavior of these materials. The course is taught in a bilingual system such that the students will have an opportunity to enhance their English ability while learning the key knowledge in textiles

Teaching plan for Unit 3 I Aims Demands Get the students (1)to comprehend the text of Section A 2)to have a good grasp of the following points: ups and downs be /get involved with; hold work out: go through; for a time i met with all along; upon/on doing sth subsequently(consequently): harbor; see.as; at one's worst; why do/ not do sth; buy time; never too adj. to do sth

Useful Expressions for conference addresses 值此大会开幕之际,我能就人力资源发畏趋势问題进行发 言,向东道主致以谢意。 On the occasion of this opening ceremony, Id like to extend my thanks to the host for this opportunity to address

I. Summary Learning behavior of animals varies to the different conditions and can be reinforce by certain repeated conditions. Pavlov called this kind of reaction conditioned reflex. Learning that animals are capable of also has something to do with intelligence, Different species have their own abilities to do different things. The distinguishable difference between man and animals maybe that the latter cannot really speak

Chapter 1 ntroduction to matlaB This book is an introduction to two subjects: MATLAB and numerical computing This first chapter introduces MATLAB by presenting several programs that inves tigate elementary, but interesting, mathematical problems. If you already have some experience programming in another language, we hope that you can see how MATLAB works by simply studying these programs

Lecture 5 Sequence Paragraph Objectives To learn what a sequence paragraph is To learn to write an effective sequence paragraph Writing instructions wha at is a sequence paragrap h?