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  • Vendor : SAP
  • Certifications : SAP Certified Application Associate
  • Exam Name : SAP Certified Application Associate - SAP Service Cloud Version 2
  • Exam Code : C_C4H56I_34
  • Total Questions : 376 Q&As
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    NEW QUESTION: 1

    A. A File connection manager
    B. An OLE DB connection manager
    C. A Flat File connection manager
    D. An ADO.NET connection manager
    Answer: C

    NEW QUESTION: 2
    お客様は、2つのチェーンSC280拡張エンクロージャーを備えたSC9000アレイを使用しています。 3番目のSC280ドライブベイを追加して、容量を拡張する必要があります。 可能な限り少ないチェーンを使用してアレイの容量を拡張する最も費用効率の高い方法は何ですか?
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    D. 新しいSAS I / Oカードを取り付けて、SC280エンクロージャーを接続します
    Answer: A

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    Factor Analytics Capital Management makes portfolio recommendations using various factor models.
    Mauricio Rodriguez, a Factor Analytics research analyst, is examining the prospects of two portfolios, the FACM Century Fund (CF) and the FACM Esquire Fund (EF).
    The variance of returns are identical for the two funds. The estimates in Exhibit 1 were derived for CF and EF using monthly data for the past five years.

    Supervisor Barbara Woodson asks Rodriguez to use the Capita! Asset Pricing Model (CAPM) and a multifactor model (APT) to make a decision to continue or discontinue the EF fund. The two factors in the multifactor model are not identified. To help with the decision, Woodson provides Rodriguez with the capital market forecasts in Exhibit 2.

    After examining the prospects for the EF portfolio, Rodriguez derives the forecasts in Exhibit 3.

    Rodriguez also develops a 2-factor macroeconomic factor model for the EF portfolio. The two factors used in the model are the surprise in GDP growth and the surprise in Investor Sentiment. The equation for the macro factor model is:

    During an investment committee meeting, Woodson makes the following statements related to the 2-factor macroeconomic factor model.
    Statement 1: An investment combination in CF and EF that provides a GDP growth factor beta equal to one and an Investor Sentiment factor beta equal to zero will have lower active factor risk than a tracking portfolio consisting of CF and EF.
    Statement 2: When markets are in equilibrium, no combination of CF and EF will produce an arbitrage opportunity In their final meeting, Rodriguez informs Woodson that the CF portfolio consistently outperformed its benchmark over the past five years. Rodriguez makes the following comments to Woodson: "The consistency with which CF outperformed its benchmark is amazing. The difference between the CF monthly return and its benchmark return was nearly always positive and varied little over time." The intercept for the 2-factor macroeconomic model employed by Rodriguez for the EF portfolio, using the GDP growth and Investor Sentiment risk factors, is closest to:
    A. 0.155.
    B. 0.080.
    C. 0.040.
    Answer: A
    Explanation:
    Explanation/Reference:
    Explanation:
    Macrocconomic factor models assume thai asset returns are explained by surprises (or "shocks") in macroeconomic risk factors (e.g., GDP growth and Investor Sentiment). A factor surprise is defined as the difference between the realized value of the factor and its expected value, which is the expected return from the APT model (0.155 from Question 8). Therefore, the intercept must equal the expected return on the portfolio.
    The equation for the macroeconomic factor model employed by Factor Analytics Capital Management is:

    where the expected values of both factors are zero, and the expected value of the error term also is zero.
    Therefore, when markets move as expected:

    (Study Session 18, LOS64.J)

    NEW QUESTION: 4
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    Answer: B


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