Decomposition Versus Decision-Evaluation
Opturo–Andre Mirabelli, Ph.D.– Modeling is more than a mathematical exercise. Its proper intent is to provide insight into the actual structure of the system being addressed. This requires more care then is typically exercised in the construction of models evaluating the amount to be attributed to each decision that contributes to a fund’s active return or active risk or risk-adjusted return.
Decomposition Versus Decision-Evaluation
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