Avenues of Future Study
Given the opportunity for further study, we would like to investigate the
possibility of adding adjustments to the returns of securities. This would allow
us to differentiate between securities with different tax effects and transaction
costs. Also, we feel that short selling could be incorporated by modifying the
structure of the return parameter and allowing x to contain negative values.
Ideally, we would like to create one model which allows the user to input both a
minimum return and a maximum risk, giving a range of portfolio choices.
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Last Updated November 19, 1997 by Chris Payton