A Consistent Linking Concept for Fast Calculations of the Rate of Return and Research of Investment
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This article introduces the concept of consistent linking and algorithms for implementing this concept. Consistent linking is functionally similar to geometric linking. Geometric linking is used for calculating a rate of return for the overall period based on sub-period returns. However, geometric linking generally produces a different result from a rate of return calculated for the overall period considered as a single period.
Authors: Alexandre Chestopalov, Konstantin Chestopalov