375) and between ethnicity and rate of change
(r = .
Simplifying, and expressing the relationship in risk premia for, we obtain:  [Mathematical Expression Omitted] where [Mathematical Expression Omitted] Hence, consistent and unbiased estimates of CAPM parameters can be obtained by relating the rate of change
in the geometric mean of asset value to the geometric mean of the true periodic rates of return for the market portfolio and risk-free asset.
multifactor productivity, [the rate of change
of A] / A, plus the percentage rate of change
in the capital-labor ration, [the rate of change
of K] / K - [the rate of change
of L] / L, times the share of capital in output, S.
When the data is presented in a rate of change
format you can easily see how the peaks or troughs in one data series lead the peaks or troughs in the second data series.