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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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Some women can be fooled all of the time, and all women can be fooled some of the time, but the same woman can't be fooled by the same man in the same way more than half of the time.
Helen Rowland
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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