WITH RESPECT TO HIS EXPLANATION OF APPRAISAL DATA BIAS, O’REILLY M...

26. - 2011 CFA LEVEL III MOCK EXAM QUESTIONS
2011 CFA LEVEL III MOCK EXAM QUESTIONS
26. With respect to his explanation of appraisal data bias, O’Reilly most likely is: A. correct. B. incorrect, because the true variance of the asset is biased upward. C. incorrect, because calculated correlations with other assets tend to be biased downward in absolute value.