Module 47.2 LOS 47.d: Understanding Factor Models
The CFA recognizes 3 general classifications of multifactor models. Macroeconomic factor models, fundamental factor models and statistical factor models. The …
macroeconomic factor models
Module 27.1 – Equity Pricing Models (Ibbotsen-Chen, CAPM, Fama-French), Equity Risk Premiums & Beta Adjustments
Investors generally require a risk-premium in excess of the risk-free rate to justify holding equity securities. The risk premium in …