Smoothing and geometric attribution

Smoothing and geometric attribution

Carl Bacon, CIPM, when asked to contrast geometric and arithmetic attribution, will no doubt point out the chief advantages geometric offers:Proportional: the active return is a ratio, not a difference, as we find with arithmetic. Convertible: the active return is...
The use and misuse of statistics

The use and misuse of statistics

In today’s WSJ, William McGurn has an article on John James Cowperthwaite (“Go for Bust, Mr. Romney”), which provides some background into Hong Kong’s phenomenal success (he cites, for example, the rise in per capita income relative to Great...

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The Journal of Performance Measurement

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