The Shanghai Composite, China's benchmark stock market index, dropped 2.9 per cent on Thursday after release of the data increased fears of impending monetary tightening.
上证综合指数,中国基准股票市场指数,在数据发布引发经济即将紧缩的担忧后,于周四下降了百分之二点九。
Shanghai Composite Index is an important index for Chinese stock market, and we apply the Least Squares Method with roughness penalty to smooth its historical data, using spline functions.
上证综合指数是股票市场的一个重要指标,我们采用样条函数,将带光滑参数的最小二乘法应用于拟合该指标的历年数据。
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