In the question from CFAI book below:
What is wrong if I calculate the active return by =summation (delta W * Ra)
= 0.15 0.02 -0.10.01 +0.05*0.01 =0.25%
This is the same as equation 3 in the CFAI text.
Check out Brinson Attribution
In the question from CFAI book below:
What is wrong if I calculate the active return by =summation (delta W * Ra)
= 0.15 0.02 -0.10.01 +0.05*0.01 =0.25%
This is the same as equation 3 in the CFAI text.
Check out Brinson Attribution