问题如下：
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：
B is correct. The first step in creating a
quantitative, active strategy is to define the market opportunity or investment
thesis. Ten, 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.
为什么不是C？
