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?
Unitl II. Listening Skills 1. M: Why don't we go to the concert today w: I'll go get the keys Q: What does the woman imply 2. W: I cant find my purse anywhere. The opera tickets are in it M: Have you checked in the car?