这里是不是写反啦

能不能解释一下什么是广义最小二乘法？怎么样调整系数算是广义最小二乘法？

图中的 MI（少数股东权益）是资产还是负债啊？

老师，第二次考二级应该怎么复习呢？再看一遍基础班然后做题吗？还是直接做题？冲刺班要看吗？

Bruno Santos is an equity analyst with a regional investment bank. Santos reviews the growth prospects and quality of earnings for Phoneutria Enterprises, one of the companies he follows. He has developed a stock valuation model for this firm based on its forecasted fundamentals. His revenue growth rate estimate is less than that implied by the market price. 老师 这道题目的第一题是问如果用这个预测的收入增长率得到的值是偏高还是偏低。我觉得是偏低呢。但是答案是偏高。为什么？

老师好，老师上课讲的 Reits基金估值，FFO这个方法里NI面要加上递延所得税。是不是也有要减去递延所得税的时候啊？

老师 reading29里的第31题,为什么g=3.5% 可以理解为capital gain 而不是div yield? 题目里的意思不是说如果新政府替代老政府,股利增长率恒定在3.5%吗?

如果公司的业绩主要由IBD部门决定，此时研究部门薪资和公司业绩挂钩，算违规么

Reading50里面的EXAMPLE 9的问题2的解答没有看懂。 题目是Suppose the investor predicts Assets #1 and #2 to outperform and that Assets #3 and #4 will underperform. Conceptually speaking (i.e., exact numbers are not necessary), how will these scores affect the information coefficient in the fundamental law compared with a prediction that Assets #1 and #3 will outperform and Assets #2 and #4 will underperform? 解答是According to the risk model, the active returns to Assets #1 and #2 tend to move together, so a forecast that both will outperform is not as ambitious as a forecast that one will outperform while the other underperforms. As a result, the information coefficient will be adjusted downward by more under the first set of forecasts than under the second set of forecasts. 我不明白的问题有两个：第一，为什么IC会be adjusted downward；第二，为什么ambitious的IC大，不ambitious的IC小？谢谢老师

周老师讲课的时候提到VaR（1%，1天）=10m的三种说法： 1、组合在1天之内，有1%的概率，最小损失为10m。 2、组合在1天之内，有99%的概率，如果产生损失，损失最大为10m。 3、组合在1天之内，再注资10m,则组合的价值不会低于0。 1可以理解，一级就学过的。2和1是等价的吗？一个是最大损失，一个是最小损失。这里不理解，请老师解释一下吧。 3也不太理解，3是从2推出来的吧？如果产生损失，最大10m，注资了10m，最多把这10m亏光，不会再亏了。所以价值是大于0的。是这样解释的吧？