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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 acceptance that all that is solid has melted into the air, that reality and morality are not givens but imperfect human constructs, is the point from which fiction begins.
Salman Rushdie
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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