pros:1) reliable 2) includes numerous variables to mimic real-life conditionscons:1) complicated and too time intensive to create2) infrequently predicts turning points accurately what is certainty-equivalent return same as utility in MVO process 2 primary tools of government to close output gap du...
3) Modified duration only captures the impact of parallel movements in the term structure of interest rates. Shaping risk refers to nonparallel changes in the term structure, such as steepening, flattening, and changes in curvature Staged Diversification? Pros and Cons?