NO.PZ2023010903000048
问题如下：
Nowacki states that quantitative investing generally follows a structured and welldefned process. Knight asks Nowacki:
“What is the starting point for the quantitative investment process?”
Nowacki’s most appropriate response to Knight’s question about the quantitative investment process is to:
选项：
A.back-test the new strategy
define the market opportunity
identify the factors to include and their weights
解释：
The first step in creating a quantitative, active strategy is to define the market opportunity or investment thesis. Then, relevant data is acquired, processed, and transformed into a usable format. Tis step is followed by back-testing the strategy, which involves identifying the factors to include as well as their weights. Finally, the strategy performance should be evaluated using an out-of-sample back-test.
无论是在基础班还是强化班的讲义里，对Quantitative方法的Construction只有4步。目前的资料里没有这样的说明。
想清楚的知道具体的步骤，请老师参考Fundamental process的七个步骤给出具体的步骤。
