&0¶ 7KH SKDVH DQJOH DSSURDFKHV E ,W LV LQWHUHVWLQJ WKDW DQDO\VLV DWIUHTXHQFLHVDSSURDFKLQJ]HURVKRZVWKDWWKHSKDVHODJERWKIRUWKHUHVSRQVHRI]WR DQGWR DQGWKXVDOVRIRU\WRn DSSURDFKWKHYDOXH V D
Trang 212167($'<67$7(675,1*%$6('7<5(02'(/6
DVIRXQGIRUWKHVOLSDQJOHUHVSRQVH&RQVHTXHQWO\WKHVDPHFXWRIIIUHTXHQF\DSSOLHV
V) FR'
%D
:KHQDQDO\VLQJWKHEHKDYLRXUDWVPDOOIUHTXHQFLHVLWDSSHDUVWKDWKHUHWKHSKDVHODJGRHVWHQGWR
+) L V ' &) ^& ) L V&E)L V ` %
' &) & ) E) V& ) L V %
DQGVXEVHTXHQWO\HPSOR\LQJWKHIXQGDPHQWDOUHODWLRQVKLS EHWZHHQ DQGnUHVSRQVHVWKHIUHTXHQF\UHVSRQVHIXQFWLRQ+)XSWRWKHILUVWGHJUHHLQL V
EDQGDDV\PSWRWLFVORSHRIWKHDPSOLWXGHZLWKDFXWRIIIUHTXHQF\HTXDOWR
Trang 3&0¶ 7KH SKDVH DQJOH DSSURDFKHV E ,W LV LQWHUHVWLQJ WKDW DQDO\VLV DWIUHTXHQFLHVDSSURDFKLQJ]HURVKRZVWKDWWKHSKDVHODJERWKIRUWKHUHVSRQVHRI
]WR DQGWR DQGWKXVDOVRIRU)\WRn DSSURDFKWKHYDOXH V D WKDWDOVRDSSHDUHGWREHWUXHIRUWKHUHVSRQVHRI)\WR 6RZHKDYH
([SUHVVLRQV HTXLYDOHQW WR DSSHDU WR KROG IRU WKHHQKDQFHGPRGHOZLWKWUHDGHOHPHQWVDWWDFKHGWRWKHVWULQJFI6HFWLRQ7KHWRUTXHGXHWRWUHDGZLGWK0]VKRZVDUHVSRQVHWR\DZDQJOH WKDWLQFUHDVHVLQDPSOLWXGHZLWKSDWKIUHTXHQF\DQGVWDUWVRXWZLWKDSKDVHOHDGRI
EZLWKUHVSHFWWR $WORZIUHTXHQFLHVWKHPRPHQWDFWVOLNHWKHWRUTXHRIDYLVFRXVURWDU\GDPSHUZLWKGDPSLQJUDWHLQYHUVHO\SURSRUWLRQDOZLWKWKHVSHHGRIWUDYHO9:HILQGZLWK(T LQYHFWRULDOIRUP
+Y n S '
% S D&DS +Y n S ' &
S H
&DS
% S %D% S & %D S % S &D% S DS
ZKHUHWKHH[SRQHQWLDOIXQFWLRQUHIHUVWRWKHUHWDUGDWLRQHIIHFWRYHUDGLVWDQFHHTXDOWRWKHFRQWDFWOHQJWK7KHWUDQVIHUIXQFWLRQVWRWKHDOWHUQDWLYHVHWRILQSXWYDULDEOHV\ PD\EHREWDLQHGE\XVLQJWKHFRQYHUVLRQIRUPXODH 7KHUHVSRQVHVWRDVWHSFKDQJHLQVOLSDQJOHEHFRPHFI
Trang 912167($'<67$7(675,1*%$6('7<5(02'(/6
ODWHUDOGHIOHFWLRQZLWKWKHODWHUDOVWLIIQHVVFI ZLWK DQGWKHPRPHQWE\PXOWLSO\LQJWKHVORSHRIWKHFRQQHFWLRQOLQHZLWKWKHWRUVLRQDOVWLIIQHVVRIWKHµWKLQ¶W\UH RU ...
7KHGLDJUDPRI)LJFOHDUO\VKRZVWKHLQFUHDVHLQSKDVHODJDQGGHFUHDVHRIWKHDPSOLWXGHRI)\ZLWKGHFUHDVLQJZDYHOHQJWK 7KHZDY\EHKDYLRXUDQG
Trang 5121 67( $''< 67$ 7( 675 ,1*%$6('' 7& lt;5(02''(/6
D... class="text_page_counter">Trang 8
121 67( $''< 67$ 7( 675 ,1*%$6('' 7& lt;5(02''(/6
7KH VLPSOHVW PRGHOV VWUDLJKW WDQJHQW DQG SRLQW FRQWDFW FDQ... class="text_page_counter">Trang 6
121 67( $''< 67$ 7( 675 ,1*%$6('' 7& lt;5(02''(/6
9 5
([HUFLVH6WULQJPRGHODWVWHDG\WXUQVOLS