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Central to both the theoretical and the empirical validity of factor models is the correct specification of the number of factors.
Jushan Bai
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The one function that T. V. news performs very well is that when there is no news we give it to you with the same emphasis as if it were.
David Brinkley
Jushan Bai
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Jushan Bai an American economist, and Professor of Economics at Columbia University and Dean of School of Finance at Nankai University, China.
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