不是很明白以下对holdings-based regression的residule term的解释：
1）The residual term cannot be explained by a fund manager’s actions.
2) The residual can be the result of measuring a fund’s holdings less frequently than the frequency of fund transactions.
谢谢
baidu.sina · 2021年05月15日
不是很明白以下对holdings-based regression的residule term的解释：
1）The residual term cannot be explained by a fund manager’s actions.
2) The residual can be the result of measuring a fund’s holdings less frequently than the frequency of fund transactions.
谢谢
