“IN A MACROECONOMIC FACTOR MODEL, THE FACTORS USED ARE THE SURPRISES IN ECONOMIC DATA RELATIVE TO EXPECTATIONS

1. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R48 INTRODUCTION TO MULTIFACTOR MODELS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R48 INTRODUCTION TO MULTIFACTOR MODELS Q BANK

1. “In a macroeconomic factor model, the factors used are the surprises in economic data

relative to expectations.