16. Smiler Murray, a quantitative security analyst, remarked, The structure ofany factor model concerns surprise, in particular

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16. Smiler Murray, a quantitative security analyst, remarked, "The structure ofany factor model concerns surprise, in particular the nature ofcorrelations between surprises in different securities' returns." What does Smiler mean by this statement?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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