The assumption that investors are absolute risk aversion, its value is designed to minimize the risks, which can be minimum variance under the hedging rate.
假定投资者是绝对的风险厌恶者，其保值的目的是为了将风险最小化，由此可以得到最小方差下的套期保值比率。
VECM model is helpful to estimate the hedge ratio with minimum risk which provides investors a practical and operable implement to choose hedging approaches.
利用向量误差修正模型可以估计最小风险套期保值比，为投资者综合选择风险最小的套期保值策略提供了现实的、可操作的定量分析工具。
VECM model is helpful to estimate the hedge ratio with minimum risk which provides investors a practical and operable implement to choose hedging approaches.
利用向量误差修正模型可以估计最小风险套期保值比，为投资者综合选择风险最小的套期保值策略提供了现实的、可操作的定量分析工具。
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