Suppose you observed that people tend to purchase stocks which have been on the rise and sell stocks which have sudden price drops. Anecdotal evidence suggests that stocks which have the higher returns in the past 3 months tend to perform better (namely, have higher returns in the following month) than those which have the lower  returns in the past 3 months do.   Define a factor Pi, t at time t as the past 3-month return of stock i from 3 month ago to present time t. Please describe a statistical analysis procedure to test whether the factor Pi, t is statistically significant in influencing the monthly asset returns at time t across ALL stocks. Describe a sorting procedure (as discussed in the lecture) to test whether a profitable portfolio strategy (equal-weight in each stock of the portfolio) can be formed based on the factor Pi, t with monthly re-balancing of the portfolio.

When summarizing the main points immediately before the conclusions and recommendations, review for the reader by using different wording than was used to present the data.

The amount of space you devote to an idea will emphasize or subordinate it.

When a report feels unified and reads smoothly, it has what?

Distortion by omission occurs when you:

Reports may be primarily text or a mix of text and graphics.

You should consider using a buffer statement when writing a message that rejects a proposal from an employee. 

Your relationship with the readers and the effect that the bad news will have on them help determine the organizational plan. 

Test: Final Exam Q – BIOLOGY.pdf Duration: 120 minutes  Once you are ready to submit, please scan and upload your work as a single PDF file. Upload all scratch paper used as well. Please upload your work as a single PDF file.   To retrieve your work via Gmail with Honor Lock enabled, use the link below: https://mail.google.com/mail/u/0/#inboxLinks to an external site. If you are using Airdrop, you can ignore this instruction. 

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