Hi all,
The Kaplan text states that the non-normality issues of the MVO can be addressed in the utility function by incorporating skewness/kurtosis.
Could someone explain or give an example of how exactly this is done in reality?
Many thanks
Hi all,
The Kaplan text states that the non-normality issues of the MVO can be addressed in the utility function by incorporating skewness/kurtosis.
Could someone explain or give an example of how exactly this is done in reality?
Many thanks