Third, dummy variable D_1 was included. The contribution to the earning rate of fund by different market conditions (bull and bear) was considered.

第三，添加了哑变量d_1，对于处于股市的不同阶段(牛市和熊市)可能对基金收益产生的贡献给予不同的权重。

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Third, dummy variable D_1 was included. The contribution to the earning rate of fund by different market conditions (bull and bear) was considered.

第三，添加了哑变量d_1，对于处于股市的不同阶段(牛市和熊市)可能对基金收益产生的贡献给予不同的权重。

youdao