Last week I wrote in this space that the future facing higher education in the UK poses some pressing challenges, including adjusting to a financial model more dependent upon tuition revenues.
Similarly, by adjusting the parameters of the mathematical model, it is possible to change the design of the virtual car, trying out different gearboxes and gear ratios, or adjusting the suspension.
The returns from the alternative strategies were tested against the traditional index benchmarks before and after adjusting for the Carhart Four-Factor Model.