Instructions for Efficient-Frontier Construction a. Estimation The goal is to obtain the raw ingredients – expected returns‚ standard deviations and correlations. Historical data are used for this purpose. As a rule of thumb‚ five years of daily data are probably right (one year should be the absolute minimum). Keep in mind the following: 1) make sure to use the adjusted close prices to calculate returns (so that you won’t have large‚ spurious negative returns due to dividend payments or splits)
Premium Standard deviation Arithmetic mean Addition
Andrew Johnson Professor Sander Accounting 497 18 February 2015 Northern Frontier Parks‚ Inc. 1. After reading the case‚ I would say that the engagement risk the auditors are facing is fairly high. Up until 1999‚ George Newton‚ the current CEO/CFO of Northern Frontier Parks‚ Inc.‚ was responsible for creating the financial statements‚ which were not being audited or reviewed by anybody. This is an issue because without an audit‚ there is no way to ensure the company’s financials are being correctly
Premium Auditing Income statement Financial audit
does this with the play put on at Theseus’ wedding and with Robin’s epilogue. Although many people might not understand his interpretation of love‚ Shakespeare uses that to his advantage to say something about the relationship between the real world and his imagination. He wants to give everyone a chance at learning the different meanings of love‚ so he created a play that could show that. Shakespeare uses the play and the epilogue to further explain his interpretation of love‚ to show the difference
Premium A Midsummer Night's Dream
Shays’ Rebellion was an armed uprising that took place in central and western Massachusetts in 1786 and 1787. The rebellion was named after Daniel Shays‚ a veteran of the American Revolutionary War and one of the rebel leaders. The rebellion started on August 29‚ 1786. It was precipitated by several factors: financial difficulties brought about by a post-war economic depression‚ a credit squeeze caused by a lack of hard currency‚ and fiscally harsh government policies instituted in 1785 to solve
Premium United States Constitution Shays' Rebellion Massachusetts
SAE Synthesis Argument: Conformity and Rebellion Without idiosyncrasies in today’s society‚ the world would be brimming with a myriad amount of followers with very few luminaries. Because of society’s growing population of diversity‚ more and more people are becoming mentors‚ dignitaries‚ and pioneers of the world. However‚ the mass influx of multiplicity is not the result of population growth‚ but rather‚ the result of individuals knowing that it is their obligation to rebel and to help improve
Free Fahrenheit 451 Dystopia
out of our country" Mark Twain‚ Berkeley Lyceum‚ New York‚ Nov 23‚ 1900. The Boxer Rebellion soul purpose was to liberate China from foreign influence. Foreign capitalists dictated corrupt government officials and controlled leading industrial parts of Northern China. Chinese overseers were upset over this issue and contemplated for a solution. A revolt was the key and the outcome of the Boxer Rebellion was disastrous for China and its dynasty. Countless officials were executed‚ extensive payments
Premium Qing Dynasty Empress Dowager Cixi China
Sepoy Rebellion began because of the British using pig and cow fat on the ammunition cartilages‚ which are both animals that are forbidden to be consumed in the Muslim and Hindu faith. The Sepoys‚ who were expected to ripe off the ammunition paper before loading their guns saw this as a clear form of disrespect towards their religious beliefs. Although the rebellion led to many deaths on both parts of the battle‚ the Indians turned out losing when the British managed to suppress the rebellion. Since
Premium British Empire East India Company Colonialism
“I must go.” said Michael Banks. “Why? Our daughter was just born and I can not take care of her and Charles myself.” asked his wife Jane. “You must let Charles and Sarah find me when they know that the time has come” he said. “How will they know where to go?” Jane asked. “This map will show them where to go‚ but the next place will not show up until they collect the jewel that I have carefully left at each place.” said Michael. “Okay‚ but please be safe.” Jane said as she hugged Michael good-bye
Premium Mother 2004 singles Mother insult
I can hear the men‚ already drunk‚ roaring with laughter in the banquet hall‚ yet the night is still young. My maid tucks the final curl under my jeweled crown and says‚ “You are ready‚ Queen Itani.” With my head held high‚ I carefully walk toward the sound of the men’s banter‚ arriving at the banquet hall. My husband‚ King Belshazzar‚ rises to greet me‚ thankfully more sober than most of the nobles. The room erupts in applause as Belshazzar leads me to a couch the dais‚ gazing at me adoringly
Premium English-language films Debut albums Marriage
Relieved‚ at last‚ they had solved their problem‚ Andrew said‚ “I am so lucky to have a beautiful wife with brains. What do we do now? Time will tell if you’re right.” “Let’s wait a few days to see what happens. For the time being‚ I plan to wash the walk down at least three times a day using bleach. That should take care of it‚” Margaret said. “I agree‚ but where is the steak you promised your hungry husband?” Andrew asked‚ turning on the engine and drove back to the main highway to the Steakhouse
Premium Mother English-language films Debut albums