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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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We oppose the reactionary policies of the U.S. government but we do not oppose the American people. We want to have many good friends in the United States.
Kim Jong-il
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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