919 resultados para Probability Pattern comparison Evaluation and interpretation


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Includes index.

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Includes bibliographical references.

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Includes index.

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Issued October 1981"--P. i.

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Mode of access: Internet.

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Shelved with Questions and problems, HF5681.B2K45.1962.suppl

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Thesis (Master's)--University of Washington, 2016-06

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Thesis (Master's)--University of Washington, 2016-06

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This paper assesses the importance of fund flows in the performance evaluation of Australian international equity funds. Two concepts of fund flows are considered in the context of a conditional asset pricing model. The first measure is net fund flow relative to fund size and the second is net fund flow relative to sector flows. We find that incorporating a fund flow measure relative to the sector flow results in a reduction of measured perverse market timing. The results indicate that, at the individual fund level, cash flows are relevant in assessing management outcomes.