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493天前
融跃CFA答疑师老师 2024-01-30 17:28
致精进的你:
同学你好， a conditional model allows for the analysis in a specific market environment to determine, for example, whether hedge fund strategies are exposed to certain risks under abnormal market conditions. conditional linear factor model是在给定情形下（主要是两种情形：市场平稳，市场波动），看一下对哪些因子比较敏感。你说的额外增加一个factor，应该是在描述这个条件模型：Dtβi,1(Factor 1)t represents the incremental exposure to risk factor 1 (up to risk factor K) for hedge fund i in period t during financial crisis periods, where Dt is a dummy variable that equals 1 during financial crisis periods and 0 otherwise。
The real talent is resolute aspirations.
真正的才智是刚毅的志向。
