“The estimation of beta is affected by several factors, including regression to the mean, volume of trading, and the market proxy used.”
(Institute 267)
Institute, CFA. 2018 CFA Program Level II Volume 6 Alternative Investments and Portfolio Management. CFA Institute, 07/2017. VitalBook file.
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书后题13题询问上述关于beta的影响因素描述是否正确，我在教材和讲义中均未找到相关介绍，请问这是哪个知识点，volume of trading 为什么会影响beta，是否是我看漏了教材内容？
