I really appreciate the time you put into setting up this lesson. I have a much clearer idea of what MacD is, more than just the definition.
@analystprep4 жыл бұрын
Glad it was helpful!
@yashasmb92807 ай бұрын
MacD made no sense before. It makes better sense now. Thank you professor!
@cafinalendgame2 жыл бұрын
You are the absolute best Sir. Stephen Paris
@cafinalendgame2 жыл бұрын
The way you derived the formula is absolute skillful, knowledgeable and student friendly. 🙏
@Shanks-q9d11 ай бұрын
Thank you Professor
@thetheoryofinterest7051 Жыл бұрын
Conceptual question here (I'm teaching this stuff, fun!) Generally speaking, "Duration" refers to the sensitivity of prices to rates (fixed rates or corresponding to spot rates). I understand the interpretation of MacD as a weighted average (as analogous to the expected value in probability), but how does this fit in with the overall practical idea of Duration via above!? Hell, I'm reading in Broverman's book that Macaulay himself didn't think to use the MacD formula to measure sensitivity of prices to rates! I'm inclined to basically teach Modified Duration as "the" duration definition, and then almost teach MacD as itself a "modified duration". Thoughts?