The alpha coefficients for coronary care and mental health II (Table 3) are for the summated scales that exclude the variable that had the lowest loading in the estimate for the corresponding

factor model.

This is not a novel idea, though new

factor models and analytic strategies are developing constantly.

The dynamic

factor model has gained popularity for two important reasons.

between the second-order

factor model and the four-

factor model, as

CFA results for the single

factor model were: NFI = 89; NNFI = 90; CFI = .

Larger samples could also accommodate the number of parameters estimated in second-order

factor models.

The Five

Factor Model (FFM) of personality is widely used as a basis for assessment of stress vulnerability (Costa, Somerfield & McCrae, 1996).

Cross Sectional Regressions for the CNZ, Fama-French and GDP Factors (Quarterly Data) This table reports the second-pass cross sectional regressions of a linear

factor model [Equation (7)] for 12 of the 25 Fama and French (1993) portfolios sorted by size and book-to-market.

became a pioneer in the field of quantitative investing when he invented the first Expected Return

Factor Model, capitalizing on natural inefficiencies in the market.

The Norris-Landzberg (NL) model (1969) is an acceleration

factor model that has served electronics for years.

They then add these two factors to CAPM to reflect a portfolio's exposure--that is, the Fama-French three

factor model, which corresponds to the following 3-factor regression:

We establish this fact by drawing comparisons between the static

factor model for the CFNAI and several dynamic

factor models that include quarterly real GDP growth but differ from the Brauning and Koopman (2014) methodology in how they include it.