Lawrence, Kenneth D.; Pai, Dinesh R.; Klimberg, Ronald K.; … - In: Financial modeling applications and data envelopment …, (pp. 53-59). 2009
The Black and Litterman model (1992) for estimating asset returns is widely used in industry and has been widely studied in the academic and professional literature. Black and Litterman offer a way to incorporate investor's views into asset-pricing. This chapter provides a description of the...
