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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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Children have never been very good at listening to their elders, but they have never failed to imitate them. They must, they have no other models.
James Baldwin
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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