id	sid	tid	token	lemma	pos
dem-1059	1	1	microsoft	microsoft	PROPN
dem-1059	1	2	word	word	NOUN
dem-1059	1	3	03_pajor_a.docx	03_pajor_a.docx	NUM
dem-1059	1	4	dynamic	dynamic	ADJ
dem-1059	1	5	econometric	econometric	ADJ
dem-1059	1	6	models	model	NOUN
dem-1059	1	7	vol	vol	NOUN
dem-1059	1	8	.	.	PROPN
dem-1059	1	9	11	11	NUM
dem-1059	1	10	–	–	PUNCT
dem-1059	1	11	nicolaus	nicolaus	PROPN
dem-1059	1	12	copernicus	copernicus	PROPN
dem-1059	1	13	university	university	PROPN
dem-1059	1	14	–	–	PUNCT
dem-1059	1	15	toruń	toruń	NOUN
dem-1059	1	16	–	–	PUNCT
dem-1059	1	17	2011	2011	NUM
dem-1059	1	18	anna	anna	PROPN
dem-1059	1	19	pajor	pajor	PROPN
dem-1059	1	20	cracow	cracow	PROPN
dem-1059	1	21	university	university	PROPN
dem-1059	1	22	of	of	ADP
dem-1059	1	23	economics	economics	PROPN
dem-1059	1	24	bayesian	bayesian	NOUN
dem-1059	1	25	optimal	optimal	ADJ
dem-1059	1	26	portfolio	portfolio	NOUN
dem-1059	1	27	selection	selection	NOUN
dem-1059	1	28	in	in	ADP
dem-1059	1	29	the	the	DET
dem-1059	1	30	msf	msf	NOUN
dem-1059	1	31	-	-	PUNCT
dem-1059	1	32	sbekk	sbekk	ADJ
dem-1059	1	33	model†	model†	PROPN
dem-1059	1	34	a	a	DET
dem-1059	1	35	b	b	PROPN
dem-1059	1	36	s	s	ADP
dem-1059	1	37	t	t	PROPN
dem-1059	1	38	r	r	NOUN
dem-1059	1	39	a	a	DET
dem-1059	1	40	c	c	NOUN
dem-1059	1	41	t.	t.	NOUN
dem-1059	1	42	the	the	DET
dem-1059	1	43	aim	aim	NOUN
dem-1059	1	44	of	of	ADP
dem-1059	1	45	this	this	DET
dem-1059	1	46	paper	paper	NOUN
dem-1059	1	47	is	be	AUX
dem-1059	1	48	to	to	PART
dem-1059	1	49	investigate	investigate	VERB
dem-1059	1	50	the	the	DET
dem-1059	1	51	predictive	predictive	ADJ
dem-1059	1	52	properties	property	NOUN
dem-1059	1	53	of	of	ADP
dem-1059	1	54	the	the	DET
dem-1059	1	55	msf	msf	NOUN
dem-1059	1	56	-	-	PUNCT
dem-1059	1	57	scalar	scalar	ADJ
dem-1059	1	58	bekk(1,1	bekk(1,1	NOUN
dem-1059	1	59	)	)	PUNCT
dem-1059	1	60	model	model	NOUN
dem-1059	1	61	in	in	ADP
dem-1059	1	62	context	context	NOUN
dem-1059	1	63	of	of	ADP
dem-1059	1	64	portfolio	portfolio	NOUN
dem-1059	1	65	optimization	optimization	NOUN
dem-1059	1	66	.	.	PUNCT
dem-1059	2	1	the	the	DET
dem-1059	2	2	msf	msf	PROPN
dem-1059	2	3	-	-	PUNCT
dem-1059	2	4	sbekk	sbekk	ADJ
dem-1059	2	5	model	model	NOUN
dem-1059	2	6	has	have	AUX
dem-1059	2	7	been	be	AUX
dem-1059	2	8	proposed	propose	VERB
dem-1059	2	9	as	as	ADP
dem-1059	2	10	a	a	DET
dem-1059	2	11	feasible	feasible	ADJ
dem-1059	2	12	tool	tool	NOUN
dem-1059	2	13	for	for	ADP
dem-1059	2	14	analyzing	analyze	VERB
dem-1059	2	15	multidimensional	multidimensional	ADJ
dem-1059	2	16	financial	financial	ADJ
dem-1059	2	17	data	datum	NOUN
dem-1059	2	18	(	(	PUNCT
dem-1059	2	19	large	large	ADJ
dem-1059	2	20	n	n	CCONJ
dem-1059	2	21	)	)	PUNCT
dem-1059	2	22	,	,	PUNCT
dem-1059	2	23	but	but	CCONJ
dem-1059	2	24	this	this	DET
dem-1059	2	25	research	research	NOUN
dem-1059	2	26	examines	examine	VERB
dem-1059	2	27	forecasting	forecasting	NOUN
dem-1059	2	28	abilities	ability	NOUN
dem-1059	2	29	of	of	ADP
dem-1059	2	30	this	this	DET
dem-1059	2	31	model	model	NOUN
dem-1059	2	32	for	for	ADP
dem-1059	2	33	n	n	NOUN
dem-1059	2	34	=	=	SYM
dem-1059	2	35	2	2	NUM
dem-1059	2	36	,	,	PUNCT
dem-1059	2	37	since	since	SCONJ
dem-1059	2	38	for	for	ADP
dem-1059	2	39	bivariate	bivariate	ADJ
dem-1059	2	40	data	datum	NOUN
dem-1059	2	41	we	we	PRON
dem-1059	2	42	can	can	AUX
dem-1059	2	43	obtain	obtain	VERB
dem-1059	2	44	and	and	CCONJ
dem-1059	2	45	compare	compare	VERB
dem-1059	2	46	predictive	predictive	ADJ
dem-1059	2	47	distributions	distribution	NOUN
dem-1059	2	48	of	of	ADP
dem-1059	2	49	the	the	DET
dem-1059	2	50	portfolio	portfolio	NOUN
dem-1059	2	51	in	in	ADP
dem-1059	2	52	many	many	ADJ
dem-1059	2	53	other	other	ADJ
dem-1059	2	54	multivariate	multivariate	NOUN
dem-1059	2	55	sv	sv	NOUN
dem-1059	2	56	specifications	specification	NOUN
dem-1059	2	57	.	.	PUNCT
dem-1059	3	1	also	also	ADV
dem-1059	3	2	,	,	PUNCT
dem-1059	3	3	approximate	approximate	ADJ
dem-1059	3	4	posterior	posterior	ADJ
dem-1059	3	5	results	result	NOUN
dem-1059	3	6	in	in	ADP
dem-1059	3	7	the	the	DET
dem-1059	3	8	msf	msf	NOUN
dem-1059	3	9	-	-	PUNCT
dem-1059	3	10	sbekk	sbekk	ADJ
dem-1059	3	11	model	model	NOUN
dem-1059	3	12	(	(	PUNCT
dem-1059	3	13	based	base	VERB
dem-1059	3	14	on	on	ADP
dem-1059	3	15	preliminary	preliminary	ADJ
dem-1059	3	16	estimates	estimate	NOUN
dem-1059	3	17	of	of	ADP
dem-1059	3	18	nuisance	nuisance	ADJ
dem-1059	3	19	matrix	matrix	NOUN
dem-1059	3	20	parameters	parameter	NOUN
dem-1059	3	21	)	)	PUNCT
dem-1059	3	22	are	be	AUX
dem-1059	3	23	compared	compare	VERB
dem-1059	3	24	with	with	ADP
dem-1059	3	25	the	the	DET
dem-1059	3	26	exact	exact	ADJ
dem-1059	3	27	ones	one	NOUN
dem-1059	3	28	.	.	PUNCT
dem-1059	4	1	k	k	PROPN
dem-1059	4	2	e	e	PROPN
dem-1059	4	3	y	y	PROPN
dem-1059	4	4	w	w	NOUN
dem-1059	4	5	o	o	NOUN
dem-1059	4	6	r	r	NOUN
dem-1059	4	7	d	d	NOUN
dem-1059	4	8	s	s	X
dem-1059	4	9	:	:	PUNCT
dem-1059	4	10	portfolio	portfolio	NOUN
dem-1059	4	11	analysis	analysis	NOUN
dem-1059	4	12	,	,	PUNCT
dem-1059	4	13	msv	msv	PROPN
dem-1059	4	14	models	model	NOUN
dem-1059	4	15	,	,	PUNCT
dem-1059	4	16	msf	msf	PROPN
dem-1059	4	17	-	-	PUNCT
dem-1059	4	18	sbekk	sbekk	ADJ
dem-1059	4	19	model	model	NOUN
dem-1059	4	20	,	,	PUNCT
dem-1059	4	21	forecasting	forecasting	NOUN
dem-1059	4	22	.	.	PUNCT
dem-1059	5	1	introduction	introduction	NOUN
dem-1059	5	2	it	it	PRON
dem-1059	5	3	is	be	AUX
dem-1059	5	4	well	well	ADV
dem-1059	5	5	known	know	VERB
dem-1059	5	6	that	that	SCONJ
dem-1059	5	7	in	in	ADP
dem-1059	5	8	portfolio	portfolio	NOUN
dem-1059	5	9	selection	selection	NOUN
dem-1059	5	10	(	(	PUNCT
dem-1059	5	11	computing	compute	VERB
dem-1059	5	12	the	the	DET
dem-1059	5	13	weights	weight	NOUN
dem-1059	5	14	of	of	ADP
dem-1059	5	15	the	the	DET
dem-1059	5	16	assets	asset	NOUN
dem-1059	5	17	in	in	ADP
dem-1059	5	18	the	the	DET
dem-1059	5	19	portfolio	portfolio	NOUN
dem-1059	5	20	)	)	PUNCT
dem-1059	5	21	correlations	correlation	NOUN
dem-1059	5	22	among	among	ADP
dem-1059	5	23	the	the	DET
dem-1059	5	24	assets	asset	NOUN
dem-1059	5	25	are	be	AUX
dem-1059	5	26	essential	essential	ADJ
dem-1059	5	27	.	.	PUNCT
dem-1059	6	1	the	the	DET
dem-1059	6	2	weights	weight	NOUN
dem-1059	6	3	of	of	ADP
dem-1059	6	4	the	the	DET
dem-1059	6	5	minimum	minimum	ADJ
dem-1059	6	6	variance	variance	NOUN
dem-1059	6	7	portfolio	portfolio	NOUN
dem-1059	6	8	depend	depend	VERB
dem-1059	6	9	on	on	ADP
dem-1059	6	10	the	the	DET
dem-1059	6	11	conditional	conditional	ADJ
dem-1059	6	12	covariance	covariance	NOUN
dem-1059	6	13	matrix	matrix	NOUN
dem-1059	6	14	(	(	PUNCT
dem-1059	6	15	see	see	VERB
dem-1059	6	16	aguilar	aguilar	PROPN
dem-1059	6	17	,	,	PUNCT
dem-1059	6	18	west	west	NOUN
dem-1059	6	19	,	,	PUNCT
dem-1059	6	20	2000	2000	NUM
dem-1059	6	21	,	,	PUNCT
dem-1059	6	22	pajor	pajor	NOUN
dem-1059	6	23	,	,	PUNCT
dem-1059	6	24	2009	2009	NUM
dem-1059	6	25	)	)	PUNCT
dem-1059	6	26	.	.	PUNCT
dem-1059	7	1	thus	thus	ADV
dem-1059	7	2	for	for	ADP
dem-1059	7	3	active	active	ADJ
dem-1059	7	4	portfolio	portfolio	NOUN
dem-1059	7	5	management	management	NOUN
dem-1059	7	6	multivariate	multivariate	NOUN
dem-1059	7	7	time	time	NOUN
dem-1059	7	8	series	series	PROPN
dem-1059	7	9	forecasts	forecast	NOUN
dem-1059	7	10	should	should	AUX
dem-1059	7	11	be	be	AUX
dem-1059	7	12	applied	apply	VERB
dem-1059	7	13	.	.	PUNCT
dem-1059	8	1	the	the	DET
dem-1059	8	2	aim	aim	NOUN
dem-1059	8	3	of	of	ADP
dem-1059	8	4	the	the	DET
dem-1059	8	5	paper	paper	NOUN
dem-1059	8	6	is	be	AUX
dem-1059	8	7	to	to	PART
dem-1059	8	8	examine	examine	VERB
dem-1059	8	9	the	the	DET
dem-1059	8	10	predictive	predictive	ADJ
dem-1059	8	11	properties	property	NOUN
dem-1059	8	12	of	of	ADP
dem-1059	8	13	the	the	DET
dem-1059	8	14	msfsbekk	msfsbekk	NOUN
dem-1059	8	15	model	model	NOUN
dem-1059	8	16	(	(	PUNCT
dem-1059	8	17	being	be	AUX
dem-1059	8	18	the	the	DET
dem-1059	8	19	hybrid	hybrid	NOUN
dem-1059	8	20	of	of	ADP
dem-1059	8	21	the	the	DET
dem-1059	8	22	multiplicative	multiplicative	ADJ
dem-1059	8	23	stochastic	stochastic	ADJ
dem-1059	8	24	factor	factor	NOUN
dem-1059	8	25	and	and	CCONJ
dem-1059	8	26	scalar	scalar	ADJ
dem-1059	8	27	bekk	bekk	NOUN
dem-1059	8	28	specifications	specification	NOUN
dem-1059	8	29	;	;	PUNCT
dem-1059	8	30	hence	hence	ADV
dem-1059	8	31	the	the	DET
dem-1059	8	32	model	model	NOUN
dem-1059	8	33	is	be	AUX
dem-1059	8	34	called	call	VERB
dem-1059	8	35	msf	msf	NOUN
dem-1059	8	36	-	-	PUNCT
dem-1059	8	37	sbekk	sbekk	PROPN
dem-1059	8	38	;	;	PUNCT
dem-1059	8	39	see	see	VERB
dem-1059	8	40	osiewalski	osiewalski	PROPN
dem-1059	8	41	,	,	PUNCT
dem-1059	8	42	pajor	pajor	NOUN
dem-1059	8	43	,	,	PUNCT
dem-1059	8	44	2009	2009	NUM
dem-1059	8	45	)	)	PUNCT
dem-1059	8	46	in	in	ADP
dem-1059	8	47	context	context	NOUN
dem-1059	8	48	of	of	ADP
dem-1059	8	49	the	the	DET
dem-1059	8	50	optimal	optimal	ADJ
dem-1059	8	51	portfolio	portfolio	NOUN
dem-1059	8	52	selection	selection	NOUN
dem-1059	8	53	problem	problem	NOUN
dem-1059	8	54	.	.	PUNCT
dem-1059	9	1	the	the	DET
dem-1059	9	2	multi	multi	ADJ
dem-1059	9	3	-	-	ADJ
dem-1059	9	4	period	period	ADJ
dem-1059	9	5	minimum	minimum	ADJ
dem-1059	9	6	conditional	conditional	ADJ
dem-1059	9	7	variance	variance	NOUN
dem-1059	9	8	portfolio	portfolio	NOUN
dem-1059	9	9	is	be	AUX
dem-1059	9	10	considered	consider	VERB
dem-1059	9	11	(	(	PUNCT
dem-1059	9	12	as	as	ADP
dem-1059	9	13	in	in	ADP
dem-1059	9	14	pajor	pajor	NOUN
dem-1059	9	15	,	,	PUNCT
dem-1059	9	16	2009	2009	NUM
dem-1059	9	17	)	)	PUNCT
dem-1059	9	18	.	.	PUNCT
dem-1059	10	1	in	in	ADP
dem-1059	10	2	the	the	DET
dem-1059	10	3	optimization	optimization	NOUN
dem-1059	10	4	process	process	NOUN
dem-1059	10	5	we	we	PRON
dem-1059	10	6	use	use	VERB
dem-1059	10	7	the	the	DET
dem-1059	10	8	predictive	predictive	ADJ
dem-1059	10	9	distributions	distribution	NOUN
dem-1059	10	10	of	of	ADP
dem-1059	10	11	future	future	ADJ
dem-1059	10	12	returns	return	NOUN
dem-1059	10	13	and	and	CCONJ
dem-1059	10	14	the	the	DET
dem-1059	10	15	predictive	predictive	ADJ
dem-1059	10	16	conditional	conditional	ADJ
dem-1059	10	17	covariance	covariance	NOUN
dem-1059	10	18	matrices	matrix	NOUN
dem-1059	10	19	obtained	obtain	VERB
dem-1059	10	20	from	from	ADP
dem-1059	10	21	the	the	DET
dem-1059	10	22	bayesian	bayesian	NOUN
dem-1059	10	23	msf	msf	PROPN
dem-1059	10	24	-	-	PUNCT
dem-1059	10	25	sbekk	sbekk	ADJ
dem-1059	10	26	and	and	CCONJ
dem-1059	10	27	other	other	ADJ
dem-1059	10	28	multivariate	multivariate	NOUN
dem-1059	10	29	stochastic	stochastic	ADJ
dem-1059	10	30	volatility	volatility	NOUN
dem-1059	10	31	(	(	PUNCT
dem-1059	10	32	msv	msv	NOUN
dem-1059	10	33	)	)	PUNCT
dem-1059	10	34	models	model	NOUN
dem-1059	10	35	.	.	PUNCT
dem-1059	11	1	in	in	ADP
dem-1059	11	2	order	order	NOUN
dem-1059	11	3	to	to	PART
dem-1059	11	4	compare	compare	VERB
dem-1059	11	5	predictive	predictive	ADJ
dem-1059	11	6	results	result	NOUN
dem-1059	11	7	in	in	ADP
dem-1059	11	8	the	the	DET
dem-1059	11	9	msf	msf	NOUN
dem-1059	11	10	-	-	PUNCT
dem-1059	11	11	sbekk	sbekk	ADJ
dem-1059	11	12	model	model	NOUN
dem-1059	11	13	with	with	ADP
dem-1059	11	14	†	†	PROPN
dem-1059	11	15	research	research	NOUN
dem-1059	11	16	supported	support	VERB
dem-1059	11	17	by	by	ADP
dem-1059	11	18	a	a	DET
dem-1059	11	19	grant	grant	NOUN
dem-1059	11	20	from	from	ADP
dem-1059	11	21	the	the	DET
dem-1059	11	22	cracow	cracow	PROPN
dem-1059	11	23	university	university	PROPN
dem-1059	11	24	of	of	ADP
dem-1059	11	25	economics	economic	NOUN
dem-1059	11	26	.	.	PUNCT
dem-1059	12	1	the	the	DET
dem-1059	12	2	author	author	NOUN
dem-1059	12	3	would	would	AUX
dem-1059	12	4	like	like	VERB
dem-1059	12	5	to	to	PART
dem-1059	12	6	thank	thank	VERB
dem-1059	12	7	janusz	janusz	PROPN
dem-1059	12	8	jaworski	jaworski	PROPN
dem-1059	12	9	for	for	ADP
dem-1059	12	10	language	language	NOUN
dem-1059	12	11	verification	verification	NOUN
dem-1059	12	12	of	of	ADP
dem-1059	12	13	the	the	DET
dem-1059	12	14	manuscript	manuscript	NOUN
dem-1059	12	15	.	.	PUNCT
dem-1059	13	1	anna	anna	PROPN
dem-1059	13	2	pajor	pajor	PROPN
dem-1059	13	3	42	42	NUM
dem-1059	13	4	those	those	PRON
dem-1059	13	5	obtained	obtain	VERB
dem-1059	13	6	in	in	ADP
dem-1059	13	7	other	other	ADJ
dem-1059	13	8	msv	msv	PROPN
dem-1059	13	9	specifications	specification	NOUN
dem-1059	13	10	,	,	PUNCT
dem-1059	13	11	we	we	PRON
dem-1059	13	12	consider	consider	VERB
dem-1059	13	13	only	only	ADV
dem-1059	13	14	bivariate	bivariate	ADJ
dem-1059	13	15	portfolios	portfolio	NOUN
dem-1059	13	16	.	.	PUNCT
dem-1059	14	1	the	the	DET
dem-1059	14	2	bivariate	bivariate	ADJ
dem-1059	14	3	stochastic	stochastic	ADJ
dem-1059	14	4	volatility	volatility	NOUN
dem-1059	14	5	models	model	NOUN
dem-1059	14	6	are	be	AUX
dem-1059	14	7	used	use	VERB
dem-1059	14	8	to	to	PART
dem-1059	14	9	describe	describe	VERB
dem-1059	14	10	the	the	DET
dem-1059	14	11	daily	daily	ADJ
dem-1059	14	12	exchange	exchange	NOUN
dem-1059	14	13	rate	rate	NOUN
dem-1059	14	14	of	of	ADP
dem-1059	14	15	the	the	DET
dem-1059	14	16	euro	euro	NOUN
dem-1059	14	17	against	against	ADP
dem-1059	14	18	the	the	DET
dem-1059	14	19	polish	polish	ADJ
dem-1059	14	20	zloty	zloty	NOUN
dem-1059	14	21	and	and	CCONJ
dem-1059	14	22	the	the	DET
dem-1059	14	23	daily	daily	ADJ
dem-1059	14	24	exchange	exchange	NOUN
dem-1059	14	25	rate	rate	NOUN
dem-1059	14	26	of	of	ADP
dem-1059	14	27	the	the	DET
dem-1059	14	28	us	us	PROPN
dem-1059	14	29	dollar	dollar	NOUN
dem-1059	14	30	against	against	ADP
dem-1059	14	31	the	the	DET
dem-1059	14	32	polish	polish	ADJ
dem-1059	14	33	zloty	zloty	NOUN
dem-1059	14	34	.	.	PUNCT
dem-1059	15	1	based	base	VERB
dem-1059	15	2	on	on	ADP
dem-1059	15	3	these	these	DET
dem-1059	15	4	two	two	NUM
dem-1059	15	5	currencies	currency	NOUN
dem-1059	15	6	we	we	PRON
dem-1059	15	7	consider	consider	VERB
dem-1059	15	8	the	the	DET
dem-1059	15	9	bayesian	bayesian	NOUN
dem-1059	15	10	portfolio	portfolio	NOUN
dem-1059	15	11	selection	selection	NOUN
dem-1059	15	12	problem	problem	NOUN
dem-1059	15	13	.	.	PUNCT
dem-1059	16	1	in	in	ADP
dem-1059	16	2	the	the	DET
dem-1059	16	3	next	next	ADJ
dem-1059	16	4	section	section	NOUN
dem-1059	16	5	we	we	PRON
dem-1059	16	6	briefly	briefly	ADV
dem-1059	16	7	present	present	VERB
dem-1059	16	8	the	the	DET
dem-1059	16	9	msf	msf	PROPN
dem-1059	16	10	-	-	PUNCT
dem-1059	16	11	sbekk	sbekk	ADJ
dem-1059	16	12	model	model	PROPN
dem-1059	16	13	.	.	PUNCT
dem-1059	17	1	section	section	NOUN
dem-1059	17	2	3	3	NUM
dem-1059	17	3	is	be	AUX
dem-1059	17	4	devoted	devote	VERB
dem-1059	17	5	to	to	ADP
dem-1059	17	6	the	the	DET
dem-1059	17	7	optimal	optimal	ADJ
dem-1059	17	8	portfolio	portfolio	NOUN
dem-1059	17	9	construction	construction	NOUN
dem-1059	17	10	.	.	PUNCT
dem-1059	18	1	in	in	ADP
dem-1059	18	2	section	section	NOUN
dem-1059	18	3	4	4	NUM
dem-1059	18	4	we	we	PRON
dem-1059	18	5	present	present	VERB
dem-1059	18	6	and	and	CCONJ
dem-1059	18	7	discuss	discuss	VERB
dem-1059	18	8	the	the	DET
dem-1059	18	9	empirical	empirical	ADJ
dem-1059	18	10	results	result	NOUN
dem-1059	18	11	.	.	PUNCT
dem-1059	19	1	some	some	DET
dem-1059	19	2	concluding	conclude	VERB
dem-1059	19	3	remarks	remark	NOUN
dem-1059	19	4	are	be	AUX
dem-1059	19	5	presented	present	VERB
dem-1059	19	6	in	in	ADP
dem-1059	19	7	the	the	DET
dem-1059	19	8	last	last	ADJ
dem-1059	19	9	section	section	NOUN
dem-1059	19	10	.	.	PUNCT
dem-1059	20	1	1	1	X
dem-1059	20	2	.	.	X
dem-1059	20	3	bayesian	bayesian	PROPN
dem-1059	20	4	msf	msf	PROPN
dem-1059	20	5	-	-	PUNCT
dem-1059	20	6	sbekk	sbekk	ADJ
dem-1059	20	7	model	model	NOUN
dem-1059	20	8	let	let	VERB
dem-1059	20	9	xj	xj	PROPN
dem-1059	20	10	,	,	PUNCT
dem-1059	20	11	t	t	PROPN
dem-1059	20	12	denote	denote	VERB
dem-1059	20	13	the	the	DET
dem-1059	20	14	price	price	NOUN
dem-1059	20	15	of	of	ADP
dem-1059	20	16	asset	asset	NOUN
dem-1059	20	17	j	j	PROPN
dem-1059	20	18	(	(	PUNCT
dem-1059	20	19	or	or	CCONJ
dem-1059	20	20	the	the	DET
dem-1059	20	21	exchange	exchange	NOUN
dem-1059	20	22	rate	rate	NOUN
dem-1059	20	23	as	as	ADP
dem-1059	20	24	in	in	ADP
dem-1059	20	25	our	our	PRON
dem-1059	20	26	application	application	NOUN
dem-1059	20	27	)	)	PUNCT
dem-1059	20	28	at	at	ADP
dem-1059	20	29	time	time	NOUN
dem-1059	20	30	t	t	PROPN
dem-1059	20	31	for	for	ADP
dem-1059	20	32	j	j	PROPN
dem-1059	20	33	=	=	SYM
dem-1059	20	34	1,2	1,2	NUM
dem-1059	20	35	,	,	PUNCT
dem-1059	20	36	...	...	PUNCT
dem-1059	20	37	,	,	PUNCT
dem-1059	20	38	n	n	PROPN
dem-1059	20	39	and	and	CCONJ
dem-1059	20	40	t	t	X
dem-1059	20	41	=	=	SYM
dem-1059	20	42	1	1	NUM
dem-1059	20	43	,	,	PUNCT
dem-1059	20	44	2	2	NUM
dem-1059	20	45	,	,	PUNCT
dem-1059	20	46	...	...	PUNCT
dem-1059	20	47	,	,	PUNCT
dem-1059	20	48	t+s	t+s	NUM
dem-1059	20	49	.	.	PUNCT
dem-1059	21	1	the	the	DET
dem-1059	21	2	vector	vector	NOUN
dem-1059	21	3	of	of	ADP
dem-1059	21	4	growth	growth	NOUN
dem-1059	21	5	rates	rate	NOUN
dem-1059	21	6	yt	yt	VERB
dem-1059	21	7	=(	=(	ADV
dem-1059	21	8	y1,t	y1,t	PROPN
dem-1059	21	9	,	,	PUNCT
dem-1059	21	10	y2,t	y2,t	PROPN
dem-1059	21	11	,	,	PUNCT
dem-1059	21	12	...	...	PUNCT
dem-1059	21	13	,	,	PUNCT
dem-1059	21	14	yn	yn	PROPN
dem-1059	21	15	,	,	PUNCT
dem-1059	21	16	t)	t)	PROPN
dem-1059	21	17	,	,	PUNCT
dem-1059	21	18	where	where	SCONJ
dem-1059	21	19	yj	yj	PROPN
dem-1059	21	20	,	,	PUNCT
dem-1059	21	21	t	t	NOUN
dem-1059	21	22	=	=	SYM
dem-1059	21	23	100	100	NUM
dem-1059	21	24	ln	ln	NOUN
dem-1059	21	25	(	(	PUNCT
dem-1059	21	26	xj	xj	PROPN
dem-1059	21	27	,	,	PUNCT
dem-1059	21	28	t	t	PROPN
dem-1059	21	29	/	/	SYM
dem-1059	21	30	xj	xj	PROPN
dem-1059	21	31	,	,	PUNCT
dem-1059	21	32	t-1	t-1	PROPN
dem-1059	21	33	)	)	PUNCT
dem-1059	21	34	,	,	PUNCT
dem-1059	21	35	is	be	AUX
dem-1059	21	36	modelled	model	VERB
dem-1059	21	37	using	use	VERB
dem-1059	21	38	the	the	DET
dem-1059	21	39	basic	basic	ADJ
dem-1059	21	40	var(1	var(1	NOUN
dem-1059	21	41	)	)	PUNCT
dem-1059	21	42	framework	framework	NOUN
dem-1059	21	43	:	:	PUNCT
dem-1059	21	44	ttt	ttt	PROPN
dem-1059	21	45	ξryδy	ξryδy	PROPN
dem-1059	21	46			PUNCT
dem-1059	21	47	1	1	ADJ
dem-1059	21	48	,	,	PUNCT
dem-1059	21	49	t	t	NOUN
dem-1059	21	50	=	=	SYM
dem-1059	21	51	1	1	NUM
dem-1059	21	52	,	,	PUNCT
dem-1059	21	53	2	2	NUM
dem-1059	21	54	,	,	PUNCT
dem-1059	21	55	...	...	PUNCT
dem-1059	21	56	,	,	PUNCT
dem-1059	21	57	t	t	PROPN
dem-1059	21	58	,	,	PUNCT
dem-1059	21	59	t+1	t+1	PROPN
dem-1059	21	60	,	,	PUNCT
dem-1059	21	61	...	...	PUNCT
dem-1059	21	62	,	,	PUNCT
dem-1059	21	63	t+s	t+s	NUM
dem-1059	21	64	,	,	PUNCT
dem-1059	21	65	(	(	PUNCT
dem-1059	21	66	1	1	X
dem-1059	21	67	)	)	PUNCT
dem-1059	21	68	where	where	SCONJ
dem-1059	21	69	{	{	PUNCT
dem-1059	21	70	tξ	tξ	AUX
dem-1059	21	71	}	}	PUNCT
dem-1059	21	72	is	be	AUX
dem-1059	21	73	a	a	DET
dem-1059	21	74	process	process	NOUN
dem-1059	21	75	with	with	ADP
dem-1059	21	76	time	time	NOUN
dem-1059	21	77	-	-	PUNCT
dem-1059	21	78	varying	vary	VERB
dem-1059	21	79	volatility	volatility	NOUN
dem-1059	21	80	,	,	PUNCT
dem-1059	21	81	t	t	PROPN
dem-1059	21	82	denotes	denote	VERB
dem-1059	21	83	the	the	DET
dem-1059	21	84	number	number	NOUN
dem-1059	21	85	of	of	ADP
dem-1059	21	86	the	the	DET
dem-1059	21	87	observations	observation	NOUN
dem-1059	21	88	used	use	VERB
dem-1059	21	89	in	in	ADP
dem-1059	21	90	estimation	estimation	NOUN
dem-1059	21	91	,	,	PUNCT
dem-1059	21	92	and	and	CCONJ
dem-1059	21	93	s	s	VERB
dem-1059	21	94	is	be	AUX
dem-1059	21	95	the	the	DET
dem-1059	21	96	forecast	forecast	NOUN
dem-1059	21	97	horizon	horizon	NOUN
dem-1059	21	98	,	,	PUNCT
dem-1059	21	99	δ	δ	PROPN
dem-1059	21	100	is	be	AUX
dem-1059	21	101	a	a	DET
dem-1059	21	102	n	n	CCONJ
dem-1059	21	103	-	-	PUNCT
dem-1059	21	104	dimensional	dimensional	ADJ
dem-1059	21	105	vector	vector	NOUN
dem-1059	21	106	,	,	PUNCT
dem-1059	21	107	r	r	NOUN
dem-1059	21	108	is	be	AUX
dem-1059	21	109	a	a	DET
dem-1059	21	110	nn	nn	NOUN
dem-1059	21	111	matrix	matrix	NOUN
dem-1059	21	112	of	of	ADP
dem-1059	21	113	parameters	parameter	NOUN
dem-1059	21	114	.	.	PUNCT
dem-1059	22	1	following	follow	VERB
dem-1059	22	2	osiewalski	osiewalski	PROPN
dem-1059	22	3	and	and	CCONJ
dem-1059	22	4	pajor	pajor	PROPN
dem-1059	22	5	(	(	PUNCT
dem-1059	22	6	2009	2009	NUM
dem-1059	22	7	)	)	PUNCT
dem-1059	22	8	,	,	PUNCT
dem-1059	22	9	for	for	ADP
dem-1059	22	10	tξ	tξ	AUX
dem-1059	22	11	we	we	PRON
dem-1059	22	12	assume	assume	VERB
dem-1059	22	13	the	the	DET
dem-1059	22	14	so	so	ADV
dem-1059	22	15	-	-	PUNCT
dem-1059	22	16	called	call	VERB
dem-1059	22	17	type	type	NOUN
dem-1059	22	18	i	i	PROPN
dem-1059	22	19	msf	msf	NOUN
dem-1059	22	20	-	-	PUNCT
dem-1059	22	21	sbekk(1,1	sbekk(1,1	NOUN
dem-1059	22	22	)	)	PUNCT
dem-1059	22	23	hybrid	hybrid	NOUN
dem-1059	22	24	specification	specification	NOUN
dem-1059	22	25	:	:	PUNCT
dem-1059	22	26	tttt	tttt	NOUN
dem-1059	22	27	g	g	PROPN
dem-1059	22	28	εhξ	εhξ	PROPN
dem-1059	22	29	2/1	2/1	PROPN
dem-1059	22	30	,	,	PUNCT
dem-1059	22	31	(	(	PUNCT
dem-1059	22	32	2	2	X
dem-1059	22	33	)	)	PUNCT
dem-1059	22	34	tgtt	tgtt	NOUN
dem-1059	22	35	gg	gg	NOUN
dem-1059	22	36			NOUN
dem-1059	22	37			ADJ
dem-1059	22	38	1lnln	1lnln	NOUN
dem-1059	22	39	,	,	PUNCT
dem-1059	22	40	)	)	PUNCT
dem-1059	22	41	,	,	PUNCT
dem-1059	22	42	(	(	PUNCT
dem-1059	22	43	~	~	NOUN
dem-1059	22	44	}	}	PUNCT
dem-1059	22	45	)	)	PUNCT
dem-1059	22	46	'	'	PUNCT
dem-1059	22	47	,	,	PUNCT
dem-1059	22	48	'	'	PUNCT
dem-1059	22	49	{	{	PUNCT
dem-1059	22	50	(	(	PUNCT
dem-1059	22	51	1]1)1	1]1)1	NUM
dem-1059	22	52	[	[	X
dem-1059	22	53	(	(	PUNCT
dem-1059	22	54			PROPN
dem-1059	22	55	nntt	nntt	NOUN
dem-1059	22	56	iin	iin	NOUN
dem-1059	22	57	i0ε	i0ε	X
dem-1059	22	58			NUM
dem-1059	22	59	,	,	PUNCT
dem-1059	22	60	1	1	NUM
dem-1059	22	61	(	(	PUNCT
dem-1059	22	62	3	3	NUM
dem-1059	22	63	)	)	PUNCT
dem-1059	22	64			NOUN
dem-1059	22	65			PROPN
dem-1059	22	66	111	111	NUM
dem-1059	22	67	'	'	NOUN
dem-1059	22	68	)	)	PUNCT
dem-1059	22	69	1	1	NUM
dem-1059	22	70	(	(	PUNCT
dem-1059	22	71			NUM
dem-1059	22	72			NOUN
dem-1059	22	73	tttt	tttt	NOUN
dem-1059	22	74	hξξah	hξξah	ADV
dem-1059	22	75			ADV
dem-1059	22	76	.	.	PUNCT
dem-1059	23	1	(	(	PUNCT
dem-1059	23	2	4	4	X
dem-1059	23	3	)	)	PUNCT
dem-1059	23	4	that	that	PRON
dem-1059	23	5	is	be	AUX
dem-1059	23	6	,	,	PUNCT
dem-1059	23	7	tξ	tξ	VERB
dem-1059	23	8	is	be	AUX
dem-1059	23	9	conditionally	conditionally	ADV
dem-1059	23	10	normal	normal	ADJ
dem-1059	23	11	with	with	ADP
dem-1059	23	12	mean	mean	ADJ
dem-1059	23	13	vector	vector	NOUN
dem-1059	23	14	0	0	NUM
dem-1059	23	15	and	and	CCONJ
dem-1059	23	16	covariance	covariance	NOUN
dem-1059	23	17	matrix	matrix	NOUN
dem-1059	23	18	gtht	gtht	NOUN
dem-1059	23	19	,	,	PUNCT
dem-1059	23	20	where	where	SCONJ
dem-1059	23	21	gt	gt	PROPN
dem-1059	23	22	is	be	AUX
dem-1059	23	23	a	a	DET
dem-1059	23	24	latent	latent	NOUN
dem-1059	23	25	process	process	NOUN
dem-1059	23	26	and	and	CCONJ
dem-1059	23	27	ht	ht	PROPN
dem-1059	23	28	is	be	AUX
dem-1059	23	29	a	a	DET
dem-1059	23	30	square	square	ADJ
dem-1059	23	31	matrix	matrix	NOUN
dem-1059	23	32	of	of	ADP
dem-1059	23	33	order	order	NOUN
dem-1059	24	1	n	n	CCONJ
dem-1059	24	2	that	that	PRON
dem-1059	24	3	has	have	VERB
dem-1059	24	4	the	the	DET
dem-1059	24	5	scalar	scalar	ADJ
dem-1059	24	6	bekk(1,1	bekk(1,1	NOUN
dem-1059	24	7	)	)	PUNCT
dem-1059	24	8	structure	structure	NOUN
dem-1059	24	9	.	.	PUNCT
dem-1059	25	1	thus	thus	ADV
dem-1059	25	2	,	,	PUNCT
dem-1059	25	3	the	the	DET
dem-1059	25	4	conditional	conditional	ADJ
dem-1059	25	5	distribution	distribution	NOUN
dem-1059	25	6	of	of	ADP
dem-1059	25	7	yt	yt	PROPN
dem-1059	25	8	,	,	PUNCT
dem-1059	25	9	given	give	VERB
dem-1059	25	10	its	its	PRON
dem-1059	25	11	past	past	ADJ
dem-1059	25	12	and	and	CCONJ
dem-1059	25	13	latent	latent	NOUN
dem-1059	25	14	variables	variable	NOUN
dem-1059	25	15	,	,	PUNCT
dem-1059	25	16	is	be	AUX
dem-1059	25	17	normal	normal	ADJ
dem-1059	25	18	with	with	ADP
dem-1059	25	19	mean	mean	PROPN
dem-1059	25	20	1	1	NUM
dem-1059	25	21	tt	tt	PROPN
dem-1059	25	22	ryδy	ryδy	NOUN
dem-1059	25	23	and	and	CCONJ
dem-1059	25	24	covariance	covariance	NOUN
dem-1059	25	25	matrix	matrix	NOUN
dem-1059	25	26	gtht	gtht	NOUN
dem-1059	25	27	.	.	PUNCT
dem-1059	26	1	the	the	DET
dem-1059	26	2	model	model	NOUN
dem-1059	26	3	defined	define	VERB
dem-1059	26	4	by	by	ADP
dem-1059	26	5	(	(	PUNCT
dem-1059	26	6	2)-(4	2)-(4	NUM
dem-1059	26	7	)	)	PUNCT
dem-1059	26	8	includes	include	VERB
dem-1059	26	9	as	as	ADP
dem-1059	26	10	special	special	ADJ
dem-1059	26	11	cases	case	NOUN
dem-1059	26	12	two	two	NUM
dem-1059	26	13	simple	simple	ADJ
dem-1059	26	14	basic	basic	ADJ
dem-1059	26	15	structures	structure	NOUN
dem-1059	26	16	.	.	PUNCT
dem-1059	27	1	when	when	SCONJ
dem-1059	27	2	0g	0g	NOUN
dem-1059	27	3	and	and	CCONJ
dem-1059	27	4			NOUN
dem-1059	27	5	=	=	SYM
dem-1059	27	6	0	0	NUM
dem-1059	27	7	we	we	PRON
dem-1059	27	8	have	have	VERB
dem-1059	27	9	the	the	DET
dem-1059	27	10	scalar	scalar	ADJ
dem-1059	27	11	bekk(1,1	bekk(1,1	NOUN
dem-1059	27	12	)	)	PUNCT
dem-1059	27	13	model	model	NOUN
dem-1059	27	14	,	,	PUNCT
dem-1059	27	15	while	while	SCONJ
dem-1059	27	16	β	β	X
dem-1059	27	17	=	=	SYM
dem-1059	27	18	0	0	NUM
dem-1059	27	19	and	and	CCONJ
dem-1059	27	20	γ	γ	X
dem-1059	27	21	=	=	SYM
dem-1059	27	22	0	0	NUM
dem-1059	27	23	lead	lead	NOUN
dem-1059	27	24	to	to	ADP
dem-1059	27	25	the	the	DET
dem-1059	27	26	msf	msf	NOUN
dem-1059	27	27	model	model	NOUN
dem-1059	27	28	(	(	PUNCT
dem-1059	27	29	see	see	VERB
dem-1059	27	30	osiewalski	osiewalski	PROPN
dem-1059	27	31	,	,	PUNCT
dem-1059	27	32	pajor	pajor	NOUN
dem-1059	27	33	,	,	PUNCT
dem-1059	27	34	2009	2009	NUM
dem-1059	27	35	)	)	PUNCT
dem-1059	27	36	.	.	PUNCT
dem-1059	28	1	note	note	VERB
dem-1059	28	2	that	that	SCONJ
dem-1059	28	3	the	the	DET
dem-1059	28	4	model	model	NOUN
dem-1059	28	5	has	have	VERB
dem-1059	28	6	one	one	NUM
dem-1059	28	7	latent	latent	NOUN
dem-1059	28	8	process	process	NOUN
dem-1059	28	9	which	which	PRON
dem-1059	28	10	helps	help	VERB
dem-1059	28	11	in	in	ADP
dem-1059	28	12	explaining	explain	VERB
dem-1059	28	13	outlying	outlying	ADJ
dem-1059	28	14	observations	observation	NOUN
dem-1059	28	15	,	,	PUNCT
dem-1059	28	16	and	and	CCONJ
dem-1059	28	17	time	time	NOUN
dem-1059	28	18	-	-	PUNCT
dem-1059	28	19	varying	vary	VERB
dem-1059	28	20	conditional	conditional	ADJ
dem-1059	28	21	correlations	correlation	NOUN
dem-1059	28	22	as	as	ADP
dem-1059	28	23	in	in	ADP
dem-1059	28	24	the	the	DET
dem-1059	28	25	scalar	scalar	ADJ
dem-1059	28	26	bekk(1,1	bekk(1,1	NOUN
dem-1059	28	27	)	)	PUNCT
dem-1059	28	28	structure	structure	NOUN
dem-1059	28	29	.	.	PUNCT
dem-1059	29	1	1	1	NUM
dem-1059	29	2	{	{	PUNCT
dem-1059	29	3	)	)	PUNCT
dem-1059	29	4	'	'	PUNCT
dem-1059	29	5	,	,	PUNCT
dem-1059	29	6	'	'	PUNCT
dem-1059	29	7	(	(	PUNCT
dem-1059	29	8	tt	tt	PROPN
dem-1059	29	9	ε	ε	PROPN
dem-1059	29	10	}	}	PUNCT
dem-1059	29	11	is	be	AUX
dem-1059	29	12	a	a	DET
dem-1059	29	13	sequence	sequence	NOUN
dem-1059	29	14	of	of	ADP
dem-1059	29	15	independent	independent	ADJ
dem-1059	29	16	and	and	CCONJ
dem-1059	29	17	identically	identically	ADV
dem-1059	29	18	distributed	distribute	VERB
dem-1059	29	19	normal	normal	ADJ
dem-1059	29	20	random	random	ADJ
dem-1059	29	21	vectors	vector	NOUN
dem-1059	29	22	with	with	ADP
dem-1059	29	23	mean	mean	ADJ
dem-1059	29	24	vector	vector	NOUN
dem-1059	29	25	zero	zero	NUM
dem-1059	29	26	and	and	CCONJ
dem-1059	29	27	covariance	covariance	NOUN
dem-1059	29	28	matrix	matrix	NOUN
dem-1059	29	29	in+1	in+1	NOUN
dem-1059	29	30	.	.	PUNCT
dem-1059	30	1	bayesian	bayesian	NOUN
dem-1059	30	2	optimal	optimal	ADJ
dem-1059	30	3	portfolio	portfolio	NOUN
dem-1059	30	4	selection	selection	NOUN
dem-1059	30	5	in	in	ADP
dem-1059	30	6	the	the	DET
dem-1059	30	7	msf	msf	NOUN
dem-1059	30	8	-	-	PUNCT
dem-1059	30	9	sbekk	sbekk	ADJ
dem-1059	30	10	model	model	NOUN
dem-1059	30	11	43	43	NUM
dem-1059	30	12	in	in	ADP
dem-1059	30	13	(	(	PUNCT
dem-1059	30	14	4	4	X
dem-1059	30	15	)	)	PUNCT
dem-1059	30	16	a	a	PRON
dem-1059	30	17	is	be	AUX
dem-1059	30	18	a	a	DET
dem-1059	30	19	free	free	ADJ
dem-1059	30	20	symmetric	symmetric	ADJ
dem-1059	30	21	positive	positive	ADJ
dem-1059	30	22	definite	definite	ADJ
dem-1059	30	23	matrix	matrix	NOUN
dem-1059	30	24	of	of	ADP
dem-1059	30	25	order	order	NOUN
dem-1059	30	26	n	n	CCONJ
dem-1059	30	27	;	;	PUNCT
dem-1059	30	28	for	for	ADP
dem-1059	30	29	a-1	a-1	PROPN
dem-1059	30	30	we	we	PRON
dem-1059	30	31	assume	assume	VERB
dem-1059	30	32	the	the	DET
dem-1059	30	33	wishart	wishart	NOUN
dem-1059	30	34	prior	prior	ADV
dem-1059	30	35	with	with	ADP
dem-1059	30	36	n	n	ADP
dem-1059	30	37	degrees	degree	NOUN
dem-1059	30	38	of	of	ADP
dem-1059	30	39	freedom	freedom	NOUN
dem-1059	30	40	and	and	CCONJ
dem-1059	30	41	mean	mean	VERB
dem-1059	30	42	in	in	ADV
dem-1059	30	43	;	;	PUNCT
dem-1059	30	44	β	β	X
dem-1059	30	45	and	and	CCONJ
dem-1059	30	46	γ	γ	NOUN
dem-1059	30	47	are	be	AUX
dem-1059	30	48	free	free	ADJ
dem-1059	30	49	scalar	scalar	ADJ
dem-1059	30	50	parameters	parameter	NOUN
dem-1059	30	51	,	,	PUNCT
dem-1059	30	52	jointly	jointly	ADV
dem-1059	30	53	uniformly	uniformly	ADV
dem-1059	30	54	distributed	distribute	VERB
dem-1059	30	55	over	over	ADP
dem-1059	30	56	the	the	DET
dem-1059	30	57	unit	unit	NOUN
dem-1059	30	58	simplex	simplex	NOUN
dem-1059	30	59	.	.	PUNCT
dem-1059	31	1	as	as	SCONJ
dem-1059	31	2	regards	regard	VERB
dem-1059	31	3	initial	initial	ADJ
dem-1059	31	4	conditions	condition	NOUN
dem-1059	31	5	for	for	ADP
dem-1059	31	6	ht	ht	PROPN
dem-1059	31	7	,	,	PUNCT
dem-1059	31	8	we	we	PRON
dem-1059	31	9	take	take	VERB
dem-1059	31	10	h0	h0	NOUN
dem-1059	31	11	=	=	PROPN
dem-1059	31	12	h0	h0	PROPN
dem-1059	31	13	in	in	ADV
dem-1059	31	14	and	and	CCONJ
dem-1059	31	15	treat	treat	VERB
dem-1059	31	16	h0	h0	PROPN
dem-1059	31	17	>	>	X
dem-1059	31	18	0	0	PUNCT
dem-1059	32	1	as	as	ADP
dem-1059	32	2	an	an	DET
dem-1059	32	3	additional	additional	ADJ
dem-1059	32	4	parameter	parameter	NOUN
dem-1059	32	5	,	,	PUNCT
dem-1059	32	6	a	a	DET
dem-1059	32	7	priori	priori	NOUN
dem-1059	32	8	exponentially	exponentially	ADV
dem-1059	32	9	distributed	distribute	VERB
dem-1059	32	10	with	with	ADP
dem-1059	32	11	mean	mean	NOUN
dem-1059	32	12	1	1	NUM
dem-1059	32	13	.	.	X
dem-1059	33	1	for	for	ADP
dem-1059	33	2	the	the	DET
dem-1059	33	3	parameters	parameter	NOUN
dem-1059	33	4	of	of	ADP
dem-1059	33	5	the	the	DET
dem-1059	33	6	latent	latent	NOUN
dem-1059	33	7	process	process	NOUN
dem-1059	33	8	we	we	PRON
dem-1059	33	9	use	use	VERB
dem-1059	33	10	the	the	DET
dem-1059	33	11	same	same	ADJ
dem-1059	33	12	priors	prior	NOUN
dem-1059	33	13	as	as	ADP
dem-1059	33	14	osiewalski	osiewalski	PROPN
dem-1059	33	15	,	,	PUNCT
dem-1059	33	16	pajor	pajor	NOUN
dem-1059	33	17	(	(	PUNCT
dem-1059	33	18	2009	2009	NUM
dem-1059	33	19	)	)	PUNCT
dem-1059	33	20	;	;	PUNCT
dem-1059	33	21	for	for	ADP
dem-1059	33	22			NOUN
dem-1059	33	23	:	:	PUNCT
dem-1059	33	24	normal	normal	ADJ
dem-1059	33	25	with	with	ADP
dem-1059	33	26	mean	mean	PROPN
dem-1059	33	27	0	0	NUM
dem-1059	33	28	and	and	CCONJ
dem-1059	33	29	variance	variance	NOUN
dem-1059	33	30	100	100	NUM
dem-1059	33	31	,	,	PUNCT
dem-1059	33	32	truncated	truncate	VERB
dem-1059	33	33	to	to	ADP
dem-1059	33	34	(	(	PUNCT
dem-1059	33	35	-1	-1	INTJ
dem-1059	33	36	,	,	PUNCT
dem-1059	33	37	1	1	NUM
dem-1059	33	38	)	)	PUNCT
dem-1059	33	39	,	,	PUNCT
dem-1059	33	40	for	for	ADP
dem-1059	33	41	2	2	NUM
dem-1059	33	42	g	g	NOUN
dem-1059	33	43	:	:	PUNCT
dem-1059	33	44	exponential	exponential	NOUN
dem-1059	33	45	with	with	ADP
dem-1059	33	46	mean	mean	NOUN
dem-1059	33	47	200	200	NUM
dem-1059	33	48	;	;	PUNCT
dem-1059	33	49	g0	g0	NOUN
dem-1059	33	50	is	be	AUX
dem-1059	33	51	equal	equal	ADJ
dem-1059	33	52	1	1	NUM
dem-1059	33	53	.	.	PUNCT
dem-1059	34	1	the	the	DET
dem-1059	34	2	n(n+1	n(n+1	NOUN
dem-1059	34	3	)	)	PUNCT
dem-1059	34	4	elements	element	NOUN
dem-1059	34	5	of	of	ADP
dem-1059	34	6	)	)	PUNCT
dem-1059	34	7	'	'	PUNCT
dem-1059	34	8	)	)	PUNCT
dem-1059	34	9	'	'	PUNCT
dem-1059	34	10	(	(	PUNCT
dem-1059	34	11	(	(	PUNCT
dem-1059	34	12	0	0	NUM
dem-1059	34	13	rδδ	rδδ	NOUN
dem-1059	34	14	vec	vec	PROPN
dem-1059	34	15	are	be	AUX
dem-1059	34	16	assumed	assume	VERB
dem-1059	34	17	to	to	PART
dem-1059	34	18	be	be	AUX
dem-1059	34	19	a	a	DET
dem-1059	34	20	priori	priori	ADV
dem-1059	34	21	independent	independent	ADJ
dem-1059	34	22	of	of	ADP
dem-1059	34	23	remaining	remain	VERB
dem-1059	34	24	parameters	parameter	NOUN
dem-1059	34	25	,	,	PUNCT
dem-1059	34	26	with	with	ADP
dem-1059	34	27	the	the	DET
dem-1059	34	28	n(0	n(0	PROPN
dem-1059	34	29	,	,	PUNCT
dem-1059	34	30	in(n+1	in(n+1	NOUN
dem-1059	34	31	)	)	PUNCT
dem-1059	34	32	)	)	PUNCT
dem-1059	34	33	prior	prior	ADV
dem-1059	34	34	truncated	truncate	VERB
dem-1059	34	35	by	by	ADP
dem-1059	34	36	the	the	DET
dem-1059	34	37	restriction	restriction	NOUN
dem-1059	34	38	that	that	PRON
dem-1059	34	39	all	all	DET
dem-1059	34	40	eigenvalues	eigenvalue	VERB
dem-1059	34	41	of	of	ADP
dem-1059	34	42	r	r	NOUN
dem-1059	34	43	lie	lie	NOUN
dem-1059	34	44	inside	inside	ADP
dem-1059	34	45	the	the	DET
dem-1059	34	46	unit	unit	NOUN
dem-1059	34	47	circle	circle	NOUN
dem-1059	34	48	.	.	PUNCT
dem-1059	35	1	in	in	ADP
dem-1059	35	2	this	this	DET
dem-1059	35	3	paper	paper	NOUN
dem-1059	35	4	we	we	PRON
dem-1059	35	5	also	also	ADV
dem-1059	35	6	want	want	VERB
dem-1059	35	7	to	to	PART
dem-1059	35	8	check	check	VERB
dem-1059	35	9	how	how	SCONJ
dem-1059	35	10	the	the	DET
dem-1059	35	11	approximation	approximation	NOUN
dem-1059	35	12	proposed	propose	VERB
dem-1059	35	13	and	and	CCONJ
dem-1059	35	14	explained	explain	VERB
dem-1059	35	15	in	in	ADP
dem-1059	35	16	osiewalski	osiewalski	PROPN
dem-1059	35	17	,	,	PUNCT
dem-1059	35	18	pajor	pajor	NOUN
dem-1059	35	19	(	(	PUNCT
dem-1059	35	20	2009	2009	NUM
dem-1059	35	21	)	)	PUNCT
dem-1059	35	22	influences	influence	VERB
dem-1059	35	23	the	the	DET
dem-1059	35	24	predictive	predictive	ADJ
dem-1059	35	25	distribution	distribution	NOUN
dem-1059	35	26	of	of	ADP
dem-1059	35	27	future	future	ADJ
dem-1059	35	28	logarithmic	logarithmic	ADJ
dem-1059	35	29	returns	return	NOUN
dem-1059	35	30	and	and	CCONJ
dem-1059	35	31	,	,	PUNCT
dem-1059	35	32	in	in	ADP
dem-1059	35	33	consequence	consequence	NOUN
dem-1059	35	34	,	,	PUNCT
dem-1059	35	35	the	the	DET
dem-1059	35	36	optimal	optimal	ADJ
dem-1059	35	37	portfolio	portfolio	NOUN
dem-1059	35	38	composition	composition	NOUN
dem-1059	35	39	.	.	PUNCT
dem-1059	36	1	therefore	therefore	ADV
dem-1059	36	2	we	we	PRON
dem-1059	36	3	apply	apply	VERB
dem-1059	36	4	this	this	DET
dem-1059	36	5	approximation	approximation	NOUN
dem-1059	36	6	.	.	PUNCT
dem-1059	37	1	that	that	PRON
dem-1059	37	2	is	is	ADV
dem-1059	37	3	,	,	PUNCT
dem-1059	37	4	we	we	PRON
dem-1059	37	5	use	use	VERB
dem-1059	37	6	ordinary	ordinary	ADJ
dem-1059	37	7	least	least	ADJ
dem-1059	37	8	squares	square	NOUN
dem-1059	37	9	(	(	PUNCT
dem-1059	37	10	ols	ol	NOUN
dem-1059	37	11	)	)	PUNCT
dem-1059	37	12	for	for	ADP
dem-1059	37	13	the	the	DET
dem-1059	37	14	var(1	var(1	PROPN
dem-1059	37	15	)	)	PUNCT
dem-1059	37	16	parameters	parameter	NOUN
dem-1059	37	17	and	and	CCONJ
dem-1059	37	18	replace	replace	VERB
dem-1059	37	19	a	a	PRON
dem-1059	37	20	by	by	ADP
dem-1059	37	21	the	the	DET
dem-1059	37	22	empirical	empirical	ADJ
dem-1059	37	23	covariance	covariance	NOUN
dem-1059	37	24	matrix	matrix	NOUN
dem-1059	37	25	of	of	ADP
dem-1059	37	26	the	the	DET
dem-1059	37	27	ols	ol	NOUN
dem-1059	37	28	residuals	residual	NOUN
dem-1059	37	29	from	from	ADP
dem-1059	37	30	the	the	DET
dem-1059	37	31	var(1	var(1	PROPN
dem-1059	37	32	)	)	PUNCT
dem-1059	37	33	part	part	NOUN
dem-1059	37	34	.	.	PUNCT
dem-1059	38	1	the	the	DET
dem-1059	38	2	bayesian	bayesian	NOUN
dem-1059	38	3	analysis	analysis	NOUN
dem-1059	38	4	for	for	ADP
dem-1059	38	5	the	the	DET
dem-1059	38	6	remaining	remain	VERB
dem-1059	38	7	parameters	parameter	NOUN
dem-1059	38	8	and	and	CCONJ
dem-1059	38	9	future	future	ADJ
dem-1059	38	10	return	return	NOUN
dem-1059	38	11	rates	rate	NOUN
dem-1059	38	12	is	be	AUX
dem-1059	38	13	based	base	VERB
dem-1059	38	14	on	on	ADP
dem-1059	38	15	the	the	DET
dem-1059	38	16	conditional	conditional	ADJ
dem-1059	38	17	posterior	posterior	ADJ
dem-1059	38	18	and	and	CCONJ
dem-1059	38	19	predictive	predictive	ADJ
dem-1059	38	20	distributions	distribution	NOUN
dem-1059	38	21	given	give	VERB
dem-1059	38	22	the	the	DET
dem-1059	38	23	particular	particular	ADJ
dem-1059	38	24	values	value	NOUN
dem-1059	38	25	of	of	ADP
dem-1059	38	26	vector	vector	NOUN
dem-1059	38	27	δ0	δ0	NOUN
dem-1059	38	28	and	and	CCONJ
dem-1059	38	29	matrix	matrix	NOUN
dem-1059	38	30	a.	a.	NOUN
dem-1059	38	31	all	all	DET
dem-1059	38	32	distributions	distribution	NOUN
dem-1059	38	33	are	be	AUX
dem-1059	38	34	sampled	sample	VERB
dem-1059	38	35	using	use	VERB
dem-1059	38	36	the	the	DET
dem-1059	38	37	gibbs	gibbs	PROPN
dem-1059	38	38	scheme	scheme	NOUN
dem-1059	38	39	with	with	ADP
dem-1059	38	40	metropolis	metropolis	PROPN
dem-1059	38	41	-	-	PUNCT
dem-1059	38	42	hastings	hasting	NOUN
dem-1059	38	43	steps	step	NOUN
dem-1059	38	44	,	,	PUNCT
dem-1059	38	45	as	as	SCONJ
dem-1059	38	46	shown	show	VERB
dem-1059	38	47	in	in	ADP
dem-1059	38	48	detail	detail	NOUN
dem-1059	38	49	in	in	ADP
dem-1059	38	50	osiewalski	osiewalski	PROPN
dem-1059	38	51	,	,	PUNCT
dem-1059	38	52	pajor	pajor	NOUN
dem-1059	38	53	(	(	PUNCT
dem-1059	38	54	2009	2009	NUM
dem-1059	38	55	)	)	PUNCT
dem-1059	38	56	.	.	PUNCT
dem-1059	39	1	2	2	X
dem-1059	39	2	.	.	X
dem-1059	39	3	portfolio	portfolio	NOUN
dem-1059	39	4	selection	selection	NOUN
dem-1059	39	5	problem	problem	NOUN
dem-1059	39	6	in	in	ADP
dem-1059	39	7	the	the	DET
dem-1059	39	8	msf	msf	NOUN
dem-1059	39	9	-	-	PUNCT
dem-1059	39	10	sbekk	sbekk	ADJ
dem-1059	39	11	model	model	NOUN
dem-1059	39	12	we	we	PRON
dem-1059	39	13	denote	denote	VERB
dem-1059	39	14	by	by	ADP
dem-1059	39	15	tθ	tθ	ADP
dem-1059	39	16	the	the	DET
dem-1059	39	17	latent	latent	ADJ
dem-1059	39	18	variable	variable	ADJ
dem-1059	39	19	vector	vector	NOUN
dem-1059	39	20	at	at	ADP
dem-1059	39	21	time	time	NOUN
dem-1059	39	22	t	t	PROPN
dem-1059	39	23	,	,	PUNCT
dem-1059	39	24	by	by	ADP
dem-1059	39	25	θ	θ	PROPN
dem-1059	39	26	the	the	DET
dem-1059	39	27	parameter	parameter	PROPN
dem-1059	39	28	vector	vector	NOUN
dem-1059	39	29	,	,	PUNCT
dem-1059	39	30	and	and	CCONJ
dem-1059	39	31	we	we	PRON
dem-1059	39	32	assume	assume	VERB
dem-1059	39	33	that	that	SCONJ
dem-1059	39	34	:	:	PUNCT
dem-1059	39	35	a	a	X
dem-1059	39	36	)	)	PUNCT
dem-1059	39	37	ttt	ttt	PROPN
dem-1059	39	38	εσξ	εσξ	PROPN
dem-1059	39	39	2/1	2/1	PROPN
dem-1059	39	40	,	,	PUNCT
dem-1059	39	41	where	where	SCONJ
dem-1059	39	42	)	)	PUNCT
dem-1059	39	43	,	,	PUNCT
dem-1059	39	44	(	(	PUNCT
dem-1059	39	45	~	~	NOUN
dem-1059	39	46	}	}	PUNCT
dem-1059	39	47	{	{	PUNCT
dem-1059	39	48	nt	not	PART
dem-1059	39	49	iin	iin	PROPN
dem-1059	39	50	i0ε	i0ε	X
dem-1059	39	51	,	,	PUNCT
dem-1059	39	52	b	b	X
dem-1059	39	53	)	)	PUNCT
dem-1059	39	54	tς	tς	PROPN
dem-1059	39	55	is	be	AUX
dem-1059	39	56	a	a	DET
dem-1059	39	57	function	function	NOUN
dem-1059	39	58	of	of	ADP
dem-1059	39	59	the	the	DET
dem-1059	39	60	latent	latent	NOUN
dem-1059	39	61	variables	variable	VERB
dem-1059	39	62	θ	θ	NOUN
dem-1059	39	63	for	for	ADP
dem-1059	39	64	t	t	X
dem-1059	39	65	,	,	PUNCT
dem-1059	39	66	and	and	CCONJ
dem-1059	39	67	of	of	ADP
dem-1059	39	68	the	the	DET
dem-1059	39	69	past	past	NOUN
dem-1059	39	70	of	of	ADP
dem-1059	39	71	tξ	tξ	ADV
dem-1059	39	72	,	,	PUNCT
dem-1059	39	73	i.e.	i.e.	X
dem-1059	39	74	)	)	PUNCT
dem-1059	39	75	;	;	PUNCT
dem-1059	39	76	,	,	PUNCT
dem-1059	39	77	(	(	PUNCT
dem-1059	39	78	1	1	NUM
dem-1059	39	79	tt	tt	PROPN
dem-1059	39	80			VERB
dem-1059	39	81			PROPN
dem-1059	39	82			PUNCT
dem-1059	39	83	ξθσς	ξθσς	PROPN
dem-1059	39	84	,	,	PUNCT
dem-1059	39	85	c	c	X
dem-1059	39	86	)	)	PUNCT
dem-1059	39	87	the	the	DET
dem-1059	39	88	vector	vector	NOUN
dem-1059	39	89	tξ	tξ	ADP
dem-1059	39	90	,	,	PUNCT
dem-1059	39	91	conditional	conditional	ADJ
dem-1059	39	92	on	on	ADP
dem-1059	39	93	)	)	PUNCT
dem-1059	39	94	;	;	PUNCT
dem-1059	39	95	,	,	PUNCT
dem-1059	39	96	(	(	PUNCT
dem-1059	39	97	1	1	NUM
dem-1059	39	98	t	t	NOUN
dem-1059	39	99			X
dem-1059	39	100			NOUN
dem-1059	39	101	ξθ	ξθ	INTJ
dem-1059	39	102	,	,	PUNCT
dem-1059	39	103	is	be	AUX
dem-1059	39	104	independent	independent	ADJ
dem-1059	39	105	of	of	ADP
dem-1059	39	106	)	)	PUNCT
dem-1059	39	107	;	;	PUNCT
dem-1059	39	108	(	(	PUNCT
dem-1059	39	109	t	t	NUM
dem-1059	39	110	θ	θ	NOUN
dem-1059	39	111	.	.	PUNCT
dem-1059	40	1	in	in	ADP
dem-1059	40	2	pajor	pajor	PROPN
dem-1059	40	3	(	(	PUNCT
dem-1059	40	4	2009	2009	NUM
dem-1059	40	5	)	)	PUNCT
dem-1059	40	6	it	it	PRON
dem-1059	40	7	was	be	AUX
dem-1059	40	8	assumed	assume	VERB
dem-1059	40	9	that	that	SCONJ
dem-1059	40	10	)	)	PUNCT
dem-1059	41	1	;	;	PUNCT
dem-1059	41	2	(	(	PUNCT
dem-1059	41	3	tt	tt	PROPN
dem-1059	41	4			X
dem-1059	41	5	θσς	θσς	PROPN
dem-1059	41	6	.	.	PUNCT
dem-1059	42	1	now	now	ADV
dem-1059	42	2	we	we	PRON
dem-1059	42	3	relax	relax	VERB
dem-1059	42	4	the	the	DET
dem-1059	42	5	assumption	assumption	NOUN
dem-1059	42	6	,	,	PUNCT
dem-1059	42	7	allowing	allow	VERB
dem-1059	42	8	tς	tς	NOUN
dem-1059	42	9	to	to	PART
dem-1059	42	10	depend	depend	VERB
dem-1059	42	11	on	on	ADP
dem-1059	42	12	the	the	DET
dem-1059	42	13	past	past	NOUN
dem-1059	42	14	of	of	ADP
dem-1059	42	15	tξ	tξ	NOUN
dem-1059	42	16	as	as	ADV
dem-1059	42	17	in	in	ADP
dem-1059	42	18	the	the	DET
dem-1059	42	19	msf	msf	NOUN
dem-1059	42	20	-	-	PUNCT
dem-1059	42	21	sbekk	sbekk	ADJ
dem-1059	42	22	model	model	NOUN
dem-1059	42	23	.	.	PUNCT
dem-1059	43	1	the	the	DET
dem-1059	43	2	s	s	NOUN
dem-1059	43	3	-	-	PUNCT
dem-1059	43	4	period	period	NOUN
dem-1059	43	5	portfolio	portfolio	NOUN
dem-1059	43	6	at	at	ADP
dem-1059	43	7	time	time	NOUN
dem-1059	43	8	t	t	PROPN
dem-1059	43	9	is	be	AUX
dem-1059	43	10	defined	define	VERB
dem-1059	43	11	by	by	ADP
dem-1059	43	12	a	a	DET
dem-1059	43	13	vector	vector	NOUN
dem-1059	43	14	wt+s|t	wt+s|t	PROPN
dem-1059	43	15	=	=	SYM
dem-1059	43	16	(	(	PUNCT
dem-1059	43	17	w1,t+s|t	w1,t+s|t	NOUN
dem-1059	43	18	,	,	PUNCT
dem-1059	43	19	w2,t+s|t	w2,t+s|t	PROPN
dem-1059	43	20	,	,	PUNCT
dem-1059	43	21	...	...	PUNCT
dem-1059	43	22	,	,	PUNCT
dem-1059	43	23	wn	wn	PROPN
dem-1059	43	24	,	,	PUNCT
dem-1059	43	25	t+s|t)	t+s|t)	PROPN
dem-1059	43	26	,	,	PUNCT
dem-1059	43	27	where	where	SCONJ
dem-1059	43	28	wi	wi	PROPN
dem-1059	43	29	,	,	PUNCT
dem-1059	43	30	t+s|t	t+s|t	PROPN
dem-1059	43	31	is	be	AUX
dem-1059	43	32	the	the	DET
dem-1059	43	33	fraction	fraction	NOUN
dem-1059	43	34	of	of	ADP
dem-1059	43	35	wealth	wealth	NOUN
dem-1059	43	36	invested	invest	VERB
dem-1059	43	37	in	in	ADP
dem-1059	43	38	asset	asset	NOUN
dem-1059	43	39	i	i	PRON
dem-1059	43	40	(	(	PUNCT
dem-1059	43	41	1	1	NUM
dem-1059	43	42			NOUN
dem-1059	43	43	i	i	PRON
dem-1059	43	44			NOUN
dem-1059	43	45	n	n	CCONJ
dem-1059	43	46	)	)	PUNCT
dem-1059	43	47	.	.	PUNCT
dem-1059	44	1	the	the	DET
dem-1059	44	2	return	return	NOUN
dem-1059	44	3	on	on	ADP
dem-1059	44	4	the	the	DET
dem-1059	44	5	portfolio	portfolio	NOUN
dem-1059	44	6	that	that	PRON
dem-1059	44	7	places	place	VERB
dem-1059	44	8	weight	weight	NOUN
dem-1059	44	9	wi	wi	PROPN
dem-1059	44	10	,	,	PUNCT
dem-1059	44	11	t+s|t	t+s|t	PROPN
dem-1059	44	12	on	on	ADP
dem-1059	44	13	asset	asset	NOUN
dem-1059	44	14	i	i	PRON
dem-1059	44	15	at	at	ADP
dem-1059	44	16	time	time	NOUN
dem-1059	44	17	t	t	PROPN
dem-1059	44	18	is	be	AUX
dem-1059	44	19	approximately	approximately	ADV
dem-1059	44	20	a	a	DET
dem-1059	44	21	weighted	weighted	ADJ
dem-1059	44	22	average	average	NOUN
dem-1059	44	23	of	of	ADP
dem-1059	44	24	the	the	DET
dem-1059	44	25	returns	return	NOUN
dem-1059	44	26	on	on	ADP
dem-1059	44	27	anna	anna	PROPN
dem-1059	44	28	pajor	pajor	PROPN
dem-1059	44	29	44	44	NUM
dem-1059	44	30	the	the	DET
dem-1059	44	31	individual	individual	ADJ
dem-1059	44	32	assets	asset	NOUN
dem-1059	44	33	.	.	PUNCT
dem-1059	45	1	the	the	DET
dem-1059	45	2	weight	weight	NOUN
dem-1059	45	3	applied	apply	VERB
dem-1059	45	4	to	to	ADP
dem-1059	45	5	each	each	DET
dem-1059	45	6	return	return	NOUN
dem-1059	45	7	is	be	AUX
dem-1059	45	8	the	the	DET
dem-1059	45	9	fraction	fraction	NOUN
dem-1059	45	10	of	of	ADP
dem-1059	45	11	the	the	DET
dem-1059	45	12	portfolio	portfolio	NOUN
dem-1059	45	13	invested	invest	VERB
dem-1059	45	14	in	in	ADP
dem-1059	45	15	that	that	DET
dem-1059	45	16	asset	asset	NOUN
dem-1059	45	17	:	:	PUNCT
dem-1059	46	1	tstw	tstw	NOUN
dem-1059	46	2	n	n	CCONJ
dem-1059	47	1	i	i	PRON
dem-1059	48	1	tstitstitstw	tstitstitstw	PROPN
dem-1059	48	2	rzwr	rzwr	VERB
dem-1059	48	3	|	|	ADV
dem-1059	48	4	,	,	PUNCT
dem-1059	48	5	1	1	NUM
dem-1059	48	6	|,|,|	|,|,|	NOUN
dem-1059	48	7	,	,	PUNCT
dem-1059	48	8	~	~	PUNCT
dem-1059	48	9			X
dem-1059	48	10			NUM
dem-1059	48	11			ADJ
dem-1059	48	12			NOUN
dem-1059	48	13	,	,	PUNCT
dem-1059	48	14	(	(	PUNCT
dem-1059	48	15	5	5	NUM
dem-1059	48	16	)	)	PUNCT
dem-1059	48	17	where	where	SCONJ
dem-1059	48	18	zi	zi	NOUN
dem-1059	48	19	,	,	PUNCT
dem-1059	48	20	t+s|t	t+s|t	PROPN
dem-1059	48	21	is	be	AUX
dem-1059	48	22	the	the	DET
dem-1059	48	23	rate	rate	NOUN
dem-1059	48	24	of	of	ADP
dem-1059	48	25	return	return	NOUN
dem-1059	48	26	on	on	ADP
dem-1059	48	27	the	the	DET
dem-1059	48	28	asset	asset	NOUN
dem-1059	48	29	i	i	PRON
dem-1059	48	30	from	from	ADP
dem-1059	48	31	the	the	DET
dem-1059	48	32	period	period	NOUN
dem-1059	48	33	t	t	NOUN
dem-1059	48	34	to	to	ADP
dem-1059	48	35	t+s	t+s	NUM
dem-1059	48	36	,	,	PUNCT
dem-1059	49	1	i.e.	i.e.	X
dem-1059	49	2			X
dem-1059	49	3			PROPN
dem-1059	49	4			ADV
dem-1059	49	5			ADV
dem-1059	49	6			PROPN
dem-1059	49	7	st	st	PROPN
dem-1059	49	8	tt	tt	PROPN
dem-1059	49	9	titsti	titsti	NOUN
dem-1059	49	10	yz	yz	PROPN
dem-1059	49	11	1	1	NUM
dem-1059	49	12	,	,	PUNCT
dem-1059	49	13	|	|	ADV
dem-1059	49	14	,	,	PUNCT
dem-1059	49	15	(	(	PUNCT
dem-1059	49	16	i	i	NOUN
dem-1059	49	17	=	=	NOUN
dem-1059	49	18	1	1	NUM
dem-1059	49	19	,	,	PUNCT
dem-1059	49	20	...	...	PUNCT
dem-1059	49	21	,	,	PUNCT
dem-1059	49	22	n	n	CCONJ
dem-1059	49	23	)	)	PUNCT
dem-1059	49	24	.	.	PUNCT
dem-1059	50	1	if	if	SCONJ
dem-1059	50	2	tst	tst	NOUN
dem-1059	50	3	|σ	|σ	VERB
dem-1059	50	4	is	be	AUX
dem-1059	50	5	the	the	DET
dem-1059	50	6	matrix	matrix	NOUN
dem-1059	50	7	of	of	ADP
dem-1059	50	8	conditional	conditional	ADJ
dem-1059	50	9	covariances	covariance	NOUN
dem-1059	50	10	of	of	ADP
dem-1059	50	11	zt+s|t	zt+s|t	NOUN
dem-1059	50	12	=	=	SYM
dem-1059	50	13	(	(	PUNCT
dem-1059	50	14	z1,t+s|t	z1,t+s|t	PROPN
dem-1059	50	15	,	,	PUNCT
dem-1059	50	16	z2,t+s|t	z2,t+s|t	NOUN
dem-1059	50	17	,	,	PUNCT
dem-1059	50	18	...	...	PUNCT
dem-1059	50	19	,	,	PUNCT
dem-1059	50	20	zn	zn	PROPN
dem-1059	50	21	,	,	PUNCT
dem-1059	50	22	t+s|t)	t+s|t)	PROPN
dem-1059	50	23	,	,	PUNCT
dem-1059	50	24	then	then	ADV
dem-1059	50	25	the	the	DET
dem-1059	50	26	conditional	conditional	ADJ
dem-1059	50	27	variance	variance	NOUN
dem-1059	50	28	of	of	ADP
dem-1059	50	29	return	return	NOUN
dem-1059	50	30	on	on	ADP
dem-1059	50	31	the	the	DET
dem-1059	50	32	portfolio	portfolio	NOUN
dem-1059	50	33	is	be	AUX
dem-1059	50	34	)	)	PUNCT
dem-1059	50	35	,	,	PUNCT
dem-1059	50	36	...	...	PUNCT
dem-1059	50	37	,	,	PUNCT
dem-1059	50	38	,	,	PUNCT
dem-1059	50	39	|~	|~	PROPN
dem-1059	50	40	(	(	PUNCT
dem-1059	50	41	|	|	ADV
dem-1059	50	42	,	,	PUNCT
dem-1059	50	43	sttttstwrvar	sttttstwrvar	ADJ
dem-1059	50	44			PROPN
dem-1059	50	45	θθ	θθ	PROPN
dem-1059	50	46	=	=	SYM
dem-1059	50	47	tsttsttsttstv	tsttsttsttstv	NOUN
dem-1059	50	48	|||	|||	NOUN
dem-1059	50	49	2	2	NUM
dem-1059	50	50	|	|	NOUN
dem-1059	50	51	'	'	PUNCT
dem-1059	50	52			ADJ
dem-1059	50	53			NOUN
dem-1059	50	54	wσw	wσw	NOUN
dem-1059	50	55	,	,	PUNCT
dem-1059	50	56	(	(	PUNCT
dem-1059	50	57	6	6	NUM
dem-1059	50	58	)	)	PUNCT
dem-1059	50	59	where	where	SCONJ
dem-1059	50	60	t	t	PROPN
dem-1059	50	61	is	be	AUX
dem-1059	50	62	the	the	DET
dem-1059	50	63	-algebra	-algebra	PROPN
dem-1059	50	64	generated	generate	VERB
dem-1059	50	65	by	by	ADP
dem-1059	50	66	ε	ε	NOUN
dem-1059	50	67	and	and	CCONJ
dem-1059	50	68	θ	θ	NOUN
dem-1059	50	69	for	for	ADP
dem-1059	50	70	t	t	X
dem-1059	50	71	,	,	PUNCT
dem-1059	50	72	i.e.	i.e.	X
dem-1059	50	73	)	)	PUNCT
dem-1059	50	74	;	;	PUNCT
dem-1059	50	75	,	,	PUNCT
dem-1059	50	76	(	(	PUNCT
dem-1059	50	77	tt	tt	PROPN
dem-1059	50	78			AUX
dem-1059	50	79			VERB
dem-1059	50	80			NOUN
dem-1059	50	81	θε	θε	NOUN
dem-1059	50	82	.	.	PUNCT
dem-1059	51	1	the	the	DET
dem-1059	51	2	vector	vector	NOUN
dem-1059	51	3	of	of	ADP
dem-1059	51	4	the	the	DET
dem-1059	51	5	rates	rate	NOUN
dem-1059	51	6	of	of	ADP
dem-1059	51	7	return	return	NOUN
dem-1059	51	8	at	at	ADP
dem-1059	51	9	time	time	NOUN
dem-1059	51	10	t+k	t+k	NUM
dem-1059	51	11	(	(	PUNCT
dem-1059	51	12	k	k	X
dem-1059	51	13	>	>	X
dem-1059	51	14	0	0	PROPN
dem-1059	51	15	,	,	PUNCT
dem-1059	51	16	k	k	PROPN
dem-1059	51	17			NUM
dem-1059	51	18	s	s	PART
dem-1059	51	19	)	)	PUNCT
dem-1059	51	20	satisfies	satisfie	NOUN
dem-1059	51	21	:	:	PUNCT
dem-1059	51	22	.	.	PUNCT
dem-1059	52	1	1	1	NUM
dem-1059	52	2	1	1	NUM
dem-1059	52	3	0	0	NUM
dem-1059	53	1			PRON
dem-1059	53	2			NUM
dem-1059	53	3			PUNCT
dem-1059	53	4			PROPN
dem-1059	53	5			PROPN
dem-1059	53	6			PROPN
dem-1059	53	7			PUNCT
dem-1059	53	8			PUNCT
dem-1059	54	1	k	k	PROPN
dem-1059	54	2	j	j	PROPN
dem-1059	54	3	jt	jt	PROPN
dem-1059	54	4	jk	jk	PROPN
dem-1059	54	5	t	t	PROPN
dem-1059	55	1	k	k	PROPN
dem-1059	55	2	k	k	PROPN
dem-1059	56	1	j	j	PROPN
dem-1059	56	2	j	j	PROPN
dem-1059	56	3	kt	kt	PROPN
dem-1059	56	4	ξryrδry	ξryrδry	PROPN
dem-1059	56	5	(	(	PUNCT
dem-1059	56	6	7	7	NUM
dem-1059	56	7	)	)	PUNCT
dem-1059	56	8	based	base	VERB
dem-1059	56	9	on	on	ADP
dem-1059	56	10	equation	equation	NOUN
dem-1059	56	11	(	(	PUNCT
dem-1059	56	12	7	7	X
dem-1059	56	13	)	)	PUNCT
dem-1059	56	14	we	we	PRON
dem-1059	56	15	have	have	VERB
dem-1059	56	16	:	:	PUNCT
dem-1059	56	17	,	,	PUNCT
dem-1059	56	18	1	1	NUM
dem-1059	56	19	011	011	NUM
dem-1059	56	20	1	1	NUM
dem-1059	56	21	0	0	NUM
dem-1059	57	1	|	|	ADV
dem-1059	57	2			X
dem-1059	57	3			PROPN
dem-1059	57	4			X
dem-1059	57	5			NUM
dem-1059	57	6			PUNCT
dem-1059	57	7			NOUN
dem-1059	57	8			VERB
dem-1059	57	9			PROPN
dem-1059	57	10			PROPN
dem-1059	57	11			PUNCT
dem-1059	57	12			PUNCT
dem-1059	57	13	s	s	VERB
dem-1059	58	1	j	j	PROPN
dem-1059	58	2	jt	jt	PROPN
dem-1059	58	3	js	js	PROPN
dem-1059	59	1	i	i	PRON
dem-1059	60	1	i	i	PRON
dem-1059	60	2	s	s	VERB
dem-1059	61	1	k	k	PROPN
dem-1059	61	2	t	t	PROPN
dem-1059	62	1	k	k	PROPN
dem-1059	62	2	s	s	PROPN
dem-1059	62	3	k	k	PROPN
dem-1059	62	4	k	k	PROPN
dem-1059	62	5	j	j	PROPN
dem-1059	62	6	j	j	PROPN
dem-1059	62	7	tst	tst	PROPN
dem-1059	62	8	ξryrδrz	ξryrδrz	PROPN
dem-1059	62	9	(	(	PUNCT
dem-1059	62	10	8)	8)	NUM
dem-1059	62	11	since	since	SCONJ
dem-1059	62	12	0θθξξ	0θθξξ	NUM
dem-1059	62	13			NOUN
dem-1059	62	14	)	)	PUNCT
dem-1059	62	15	,	,	PUNCT
dem-1059	62	16	...	...	PUNCT
dem-1059	62	17	,	,	PUNCT
dem-1059	62	18	,	,	PUNCT
dem-1059	62	19	|	|	ADV
dem-1059	62	20	'	'	PUNCT
dem-1059	62	21	(	(	PUNCT
dem-1059	62	22	stttjtite	stttjtite	VERB
dem-1059	62	23			NOUN
dem-1059	62	24	for	for	ADP
dem-1059	62	25	i	i	PROPN
dem-1059	62	26			PROPN
dem-1059	62	27	j	j	PROPN
dem-1059	62	28	,	,	PUNCT
dem-1059	62	29	the	the	DET
dem-1059	62	30	conditional	conditional	ADJ
dem-1059	62	31	covariance	covariance	NOUN
dem-1059	62	32	matrix	matrix	NOUN
dem-1059	62	33	of	of	ADP
dem-1059	62	34	zt+s|t	zt+s|t	NOUN
dem-1059	62	35	in	in	ADP
dem-1059	62	36	the	the	DET
dem-1059	62	37	msf	msf	NOUN
dem-1059	62	38	-	-	PUNCT
dem-1059	62	39	sbekk(1,1	sbekk(1,1	NOUN
dem-1059	62	40	)	)	PUNCT
dem-1059	62	41	model	model	NOUN
dem-1059	62	42	becomes	become	VERB
dem-1059	62	43	:	:	PUNCT
dem-1059	62	44	,	,	PUNCT
dem-1059	62	45	)	)	PUNCT
dem-1059	62	46	'	'	PUNCT
dem-1059	62	47	(	(	PUNCT
dem-1059	62	48	)	)	PUNCT
dem-1059	62	49	(	(	PUNCT
dem-1059	62	50	1	1	NUM
dem-1059	62	51	0	0	NUM
dem-1059	62	52	*	*	SYM
dem-1059	62	53	0	0	NUM
dem-1059	63	1	|	|	ADV
dem-1059	63	2			X
dem-1059	63	3			PART
dem-1059	63	4			PROPN
dem-1059	63	5			PROPN
dem-1059	63	6			NUM
dem-1059	63	7			ADV
dem-1059	63	8			PROPN
dem-1059	63	9			PROPN
dem-1059	63	10			VERB
dem-1059	64	1			PROPN
dem-1059	64	2	s	s	VERB
dem-1059	64	3	j	j	PROPN
dem-1059	65	1	js	js	INTJ
dem-1059	66	1	i	i	PRON
dem-1059	67	1	i	i	PRON
dem-1059	68	1	jt	jt	PROPN
dem-1059	68	2	js	js	INTJ
dem-1059	68	3	i	i	PRON
dem-1059	69	1	i	i	PRON
dem-1059	69	2	tst	tst	NOUN
dem-1059	69	3	rσrς	rσrς	VERB
dem-1059	69	4	(	(	PUNCT
dem-1059	69	5	9	9	NUM
dem-1059	69	6	)	)	PUNCT
dem-1059	70	1	where	where	SCONJ
dem-1059	70	2	.),	.),	PROPN
dem-1059	70	3	...	...	PUNCT
dem-1059	70	4	,,|	,,|	PUNCT
dem-1059	70	5	'	'	PUNCT
dem-1059	70	6	(	(	PUNCT
dem-1059	70	7	*	*	PUNCT
dem-1059	70	8	stttjtjtjt	stttjtjtjt	NOUN
dem-1059	70	9	e	e	NOUN
dem-1059	70	10			NOUN
dem-1059	70	11			NUM
dem-1059	70	12	θθξξς	θθξξς	NOUN
dem-1059	70	13			NOUN
dem-1059	70	14	finally	finally	ADV
dem-1059	70	15	,	,	PUNCT
dem-1059	70	16	the	the	DET
dem-1059	70	17	conditional	conditional	ADJ
dem-1059	70	18	variance	variance	NOUN
dem-1059	70	19	of	of	ADP
dem-1059	70	20	return	return	NOUN
dem-1059	70	21	on	on	ADP
dem-1059	70	22	the	the	DET
dem-1059	70	23	portfolio	portfolio	NOUN
dem-1059	70	24	is	be	AUX
dem-1059	70	25	:	:	PUNCT
dem-1059	70	26	)	)	PUNCT
dem-1059	70	27	,	,	PUNCT
dem-1059	70	28	...	...	PUNCT
dem-1059	70	29	,	,	PUNCT
dem-1059	70	30	,	,	PUNCT
dem-1059	70	31	|~	|~	PROPN
dem-1059	70	32	(	(	PUNCT
dem-1059	70	33	|	|	ADV
dem-1059	70	34	,	,	PUNCT
dem-1059	70	35	sttttstwrvar	sttttstwrvar	ADJ
dem-1059	70	36			PROPN
dem-1059	70	37	θθ	θθ	PROPN
dem-1059	70	38	=	=	SYM
dem-1059	70	39	.	.	PUNCT
dem-1059	70	40	)	)	PUNCT
dem-1059	70	41	'	'	PUNCT
dem-1059	70	42	(	(	PUNCT
dem-1059	70	43	)	)	PUNCT
dem-1059	70	44	(	(	PUNCT
dem-1059	70	45	'	'	PUNCT
dem-1059	70	46	|	|	ADV
dem-1059	70	47	1	1	NUM
dem-1059	70	48	0	0	NUM
dem-1059	70	49	*	*	SYM
dem-1059	70	50	0	0	NUM
dem-1059	71	1	|	|	ADV
dem-1059	71	2	tst	tst	NOUN
dem-1059	71	3	s	s	VERB
dem-1059	71	4	j	j	PROPN
dem-1059	72	1	js	js	INTJ
dem-1059	72	2	i	i	PRON
dem-1059	73	1	i	i	PRON
dem-1059	74	1	jt	jt	PROPN
dem-1059	74	2	js	js	INTJ
dem-1059	74	3	i	i	PRON
dem-1059	75	1	i	i	PRON
dem-1059	75	2	tst	tst	VERB
dem-1059	75	3			VERB
dem-1059	76	1			PROPN
dem-1059	76	2			PROPN
dem-1059	76	3			NUM
dem-1059	76	4			ADV
dem-1059	76	5			PROPN
dem-1059	76	6			NUM
dem-1059	76	7			PUNCT
dem-1059	76	8			X
dem-1059	76	9			ADV
dem-1059	76	10	wrσrw	wrσrw	VERB
dem-1059	76	11	it	it	PRON
dem-1059	76	12	is	be	AUX
dem-1059	76	13	easy	easy	ADJ
dem-1059	76	14	to	to	PART
dem-1059	76	15	show	show	VERB
dem-1059	76	16	that	that	SCONJ
dem-1059	76	17	in	in	ADP
dem-1059	76	18	the	the	DET
dem-1059	76	19	msf	msf	NOUN
dem-1059	76	20	-	-	PUNCT
dem-1059	76	21	sbekk(1,1	sbekk(1,1	NOUN
dem-1059	76	22	)	)	PUNCT
dem-1059	76	23	model	model	NOUN
dem-1059	76	24	:	:	PUNCT
dem-1059	76	25	,	,	PUNCT
dem-1059	76	26	)	)	PUNCT
dem-1059	76	27	,	,	PUNCT
dem-1059	76	28	...	...	PUNCT
dem-1059	76	29	,	,	PUNCT
dem-1059	76	30	,	,	PUNCT
dem-1059	76	31	|	|	ADV
dem-1059	76	32	'	'	PUNCT
dem-1059	76	33	(	(	PUNCT
dem-1059	76	34	1111	1111	NUM
dem-1059	76	35			NOUN
dem-1059	77	1			PROPN
dem-1059	77	2	ttsttttt	ttsttttt	NOUN
dem-1059	77	3	ge	ge	PROPN
dem-1059	77	4	hθθξξ	hθθξξ	PROPN
dem-1059	77	5			NOUN
dem-1059	77	6	,	,	PUNCT
dem-1059	77	7	'	'	PUNCT
dem-1059	77	8	)	)	PUNCT
dem-1059	77	9	1(),	1(),	NUM
dem-1059	77	10	...	...	PUNCT
dem-1059	77	11	,,|	,,|	PUNCT
dem-1059	77	12	(	(	PUNCT
dem-1059	77	13	11	11	NUM
dem-1059	77	14	tttsttttt	tttsttttt	NOUN
dem-1059	77	15	e	e	PROPN
dem-1059	77	16	hξξaθθhh	hξξaθθhh	NOUN
dem-1059	77	17			X
dem-1059	77	18			PUNCT
dem-1059	77	19			ADV
dem-1059	77	20	and	and	CCONJ
dem-1059	77	21	for	for	ADP
dem-1059	77	22	2	2	NUM
dem-1059	77	23	<	<	X
dem-1059	77	24	k	k	PROPN
dem-1059	77	25			PROPN
dem-1059	77	26	s	s	PART
dem-1059	77	27	:	:	PUNCT
dem-1059	77	28	bayesian	bayesian	NOUN
dem-1059	77	29	optimal	optimal	ADJ
dem-1059	77	30	portfolio	portfolio	NOUN
dem-1059	77	31	selection	selection	NOUN
dem-1059	77	32	in	in	ADP
dem-1059	77	33	the	the	DET
dem-1059	77	34	msf	msf	NOUN
dem-1059	77	35	-	-	PUNCT
dem-1059	77	36	sbekk	sbekk	ADJ
dem-1059	77	37	model	model	NOUN
dem-1059	77	38	45	45	NUM
dem-1059	77	39	)	)	PUNCT
dem-1059	77	40	]	]	PUNCT
dem-1059	77	41	,	,	PUNCT
dem-1059	77	42	,	,	PUNCT
dem-1059	77	43	...	...	PUNCT
dem-1059	77	44	,	,	PUNCT
dem-1059	77	45	,	,	PUNCT
dem-1059	77	46	|()()1	|()()1	PROPN
dem-1059	77	47	[	[	X
dem-1059	77	48	(	(	PUNCT
dem-1059	77	49	)	)	PUNCT
dem-1059	77	50	,	,	PUNCT
dem-1059	77	51	...	...	PUNCT
dem-1059	77	52	,	,	PUNCT
dem-1059	77	53	,	,	PUNCT
dem-1059	77	54	|	|	ADV
dem-1059	77	55	'	'	PUNCT
dem-1059	77	56	(	(	PUNCT
dem-1059	77	57	11	11	NUM
dem-1059	77	58	stttktktkt	stttktktkt	NOUN
dem-1059	77	59	stttktkt	stttktkt	VERB
dem-1059	77	60	egg	egg	NOUN
dem-1059	77	61	e	e	NOUN
dem-1059	77	62			VERB
dem-1059	77	63			NOUN
dem-1059	77	64			NUM
dem-1059	77	65			PROPN
dem-1059	77	66	θθha	θθha	NOUN
dem-1059	77	67	θθξξ	θθξξ	NOUN
dem-1059	77	68			PROPN
dem-1059	77	69			NOUN
dem-1059	77	70	)	)	PUNCT
dem-1059	77	71	.,	.,	SYM
dem-1059	77	72	...	...	PUNCT
dem-1059	77	73	,,|()()1	,,|()()1	PUNCT
dem-1059	77	74	(	(	PUNCT
dem-1059	77	75	)	)	PUNCT
dem-1059	77	76	,	,	PUNCT
dem-1059	77	77	...	...	PUNCT
dem-1059	77	78	,	,	PUNCT
dem-1059	77	79	,	,	PUNCT
dem-1059	77	80	|	|	CCONJ
dem-1059	77	81	(	(	PUNCT
dem-1059	77	82	11	11	NUM
dem-1059	77	83	stttktkt	stttktkt	ADJ
dem-1059	77	84	stttkt	stttkt	PROPN
dem-1059	77	85	eg	eg	PROPN
dem-1059	77	86	e	e	PROPN
dem-1059	77	87			PROPN
dem-1059	77	88			PROPN
dem-1059	77	89			PROPN
dem-1059	78	1			PROPN
dem-1059	78	2	θθha	θθha	NOUN
dem-1059	78	3	θθh	θθh	NOUN
dem-1059	78	4			NOUN
dem-1059	78	5			NOUN
dem-1059	78	6	consequently2	consequently2	NOUN
dem-1059	78	7	:	:	PUNCT
dem-1059	78	8	)	)	PUNCT
dem-1059	78	9	.()1(1	.()1(1	PUNCT
dem-1059	78	10	)	)	PUNCT
dem-1059	78	11	,	,	PUNCT
dem-1059	78	12	...	...	PUNCT
dem-1059	78	13	,	,	PUNCT
dem-1059	78	14	,	,	PUNCT
dem-1059	78	15	|	|	ADV
dem-1059	78	16	'	'	PUNCT
dem-1059	78	17	(	(	PUNCT
dem-1059	78	18	1	1	NUM
dem-1059	78	19	1	1	NUM
dem-1059	78	20	1	1	NUM
dem-1059	78	21	2	2	NUM
dem-1059	78	22	1	1	NUM
dem-1059	78	23	1	1	NUM
dem-1059	78	24			ADP
dem-1059	78	25			NOUN
dem-1059	78	26			PROPN
dem-1059	78	27			PROPN
dem-1059	78	28			PROPN
dem-1059	78	29			PROPN
dem-1059	78	30			X
dem-1059	78	31			NOUN
dem-1059	78	32			SYM
dem-1059	78	33			NOUN
dem-1059	78	34			PROPN
dem-1059	78	35			NOUN
dem-1059	78	36			NUM
dem-1059	78	37			VERB
dem-1059	78	38			PROPN
dem-1059	78	39			PROPN
dem-1059	78	40			NOUN
dem-1059	78	41			PROPN
dem-1059	78	42			PROPN
dem-1059	78	43			NUM
dem-1059	78	44			NOUN
dem-1059	78	45			ADV
dem-1059	78	46	k	k	PROPN
dem-1059	78	47	j	j	PROPN
dem-1059	78	48	jkttkt	jkttkt	VERB
dem-1059	79	1	k	k	PROPN
dem-1059	80	1	i	i	PRON
dem-1059	81	1	i	i	PROPN
dem-1059	81	2	j	j	PROPN
dem-1059	81	3	jktkt	jktkt	PROPN
dem-1059	81	4	stttktkt	stttktkt	VERB
dem-1059	81	5	gggg	gggg	PROPN
dem-1059	81	6	e	e	X
dem-1059	81	7	ha	ha	AUX
dem-1059	81	8	θθξξ	θθξξ	VERB
dem-1059	81	9	the	the	DET
dem-1059	81	10	most	most	ADV
dem-1059	81	11	popular	popular	ADJ
dem-1059	81	12	approach	approach	NOUN
dem-1059	81	13	assumes	assume	VERB
dem-1059	81	14	that	that	SCONJ
dem-1059	81	15	the	the	DET
dem-1059	81	16	investor	investor	NOUN
dem-1059	81	17	selects	select	VERB
dem-1059	81	18	the	the	DET
dem-1059	81	19	portfolio	portfolio	NOUN
dem-1059	81	20	with	with	ADP
dem-1059	81	21	minimum	minimum	ADJ
dem-1059	81	22	variance	variance	NOUN
dem-1059	81	23	(	(	PUNCT
dem-1059	81	24	see	see	PROPN
dem-1059	81	25	markowitz	markowitz	PROPN
dem-1059	81	26	,	,	PUNCT
dem-1059	81	27	1959	1959	NUM
dem-1059	81	28	,	,	PUNCT
dem-1059	81	29	elton	elton	PROPN
dem-1059	81	30	,	,	PUNCT
dem-1059	81	31	gruber	gruber	PROPN
dem-1059	81	32	,	,	PUNCT
dem-1059	81	33	1991	1991	NUM
dem-1059	81	34	)	)	PUNCT
dem-1059	81	35	.	.	PUNCT
dem-1059	82	1	here	here	ADV
dem-1059	82	2	we	we	PRON
dem-1059	82	3	assume	assume	VERB
dem-1059	82	4	that	that	SCONJ
dem-1059	82	5	the	the	DET
dem-1059	82	6	conditional	conditional	ADJ
dem-1059	82	7	variance	variance	NOUN
dem-1059	82	8	of	of	ADP
dem-1059	82	9	the	the	DET
dem-1059	82	10	portfolio	portfolio	NOUN
dem-1059	82	11	is	be	AUX
dem-1059	82	12	minimized	minimize	VERB
dem-1059	82	13	and	and	CCONJ
dem-1059	82	14	that	that	SCONJ
dem-1059	82	15	short	short	ADJ
dem-1059	82	16	sales	sale	NOUN
dem-1059	82	17	are	be	AUX
dem-1059	82	18	allowed	allow	VERB
dem-1059	82	19	(	(	PUNCT
dem-1059	82	20	wi	wi	PROPN
dem-1059	82	21	,	,	PUNCT
dem-1059	82	22	t+s|t	t+s|t	X
dem-1059	82	23	<	<	X
dem-1059	82	24	0	0	NUM
dem-1059	82	25	reflects	reflect	VERB
dem-1059	82	26	a	a	DET
dem-1059	82	27	short	short	ADJ
dem-1059	82	28	selling	selling	NOUN
dem-1059	82	29	)	)	PUNCT
dem-1059	82	30	.	.	PUNCT
dem-1059	83	1	then	then	ADV
dem-1059	83	2	the	the	DET
dem-1059	83	3	problem	problem	NOUN
dem-1059	83	4	for	for	ADP
dem-1059	83	5	the	the	DET
dem-1059	83	6	investor	investor	NOUN
dem-1059	83	7	reduces	reduce	VERB
dem-1059	83	8	to	to	ADP
dem-1059	83	9	solving	solve	VERB
dem-1059	83	10	the	the	DET
dem-1059	83	11	quadratic	quadratic	ADJ
dem-1059	83	12	programming	programming	NOUN
dem-1059	83	13	problem	problem	NOUN
dem-1059	83	14	:	:	PUNCT
dem-1059	83	15	tsttsttst	tsttsttst	ADJ
dem-1059	83	16	tst	tst	NOUN
dem-1059	83	17	|||	|||	VERB
dem-1059	83	18	'	'	PUNCT
dem-1059	83	19	min	min	NOUN
dem-1059	83	20	|	|	ADV
dem-1059	83	21			ADV
dem-1059	83	22			PUNCT
dem-1059	83	23	wσw	wσw	NOUN
dem-1059	83	24	w	w	PROPN
dem-1059	83	25	subject	subject	NOUN
dem-1059	83	26	to	to	ADP
dem-1059	83	27	w1,t+s|t	w1,t+s|t	NOUN
dem-1059	83	28	+	+	CCONJ
dem-1059	83	29	w2,t+s|t	w2,t+s|t	PROPN
dem-1059	83	30	+	+	X
dem-1059	83	31	...	...	PUNCT
dem-1059	84	1	+	+	ADJ
dem-1059	84	2	wn	wn	PROPN
dem-1059	84	3	,	,	PUNCT
dem-1059	84	4	t+s|t	t+s|t	X
dem-1059	84	5	=	=	SYM
dem-1059	84	6	1	1	X
dem-1059	84	7	.	.	PUNCT
dem-1059	85	1	in	in	ADP
dem-1059	85	2	this	this	DET
dem-1059	85	3	way	way	NOUN
dem-1059	85	4	we	we	PRON
dem-1059	85	5	obtain	obtain	VERB
dem-1059	85	6	so	so	ADV
dem-1059	85	7	-	-	PUNCT
dem-1059	85	8	called	call	VERB
dem-1059	85	9	the	the	DET
dem-1059	85	10	minimum	minimum	ADJ
dem-1059	85	11	conditional	conditional	ADJ
dem-1059	85	12	variance	variance	NOUN
dem-1059	85	13	portfolio	portfolio	NOUN
dem-1059	85	14	(	(	PUNCT
dem-1059	85	15	the	the	DET
dem-1059	85	16	portfolio	portfolio	NOUN
dem-1059	85	17	that	that	PRON
dem-1059	85	18	has	have	VERB
dem-1059	85	19	the	the	DET
dem-1059	85	20	lowest	low	ADJ
dem-1059	85	21	risk	risk	NOUN
dem-1059	85	22	of	of	ADP
dem-1059	85	23	any	any	DET
dem-1059	85	24	feasible	feasible	ADJ
dem-1059	85	25	portfolio	portfolio	NOUN
dem-1059	85	26	):	):	PUNCT
dem-1059	85	27	,	,	PUNCT
dem-1059	85	28	'	'	PUNCT
dem-1059	85	29	1	1	NUM
dem-1059	85	30	|	|	ADV
dem-1059	85	31	1	1	NUM
dem-1059	85	32	|	|	ADV
dem-1059	85	33	|	|	ADV
dem-1059	85	34	,	,	PUNCT
dem-1059	85	35	ισι	ισι	VERB
dem-1059	85	36	ις	ις	PROPN
dem-1059	85	37	w	w	PROPN
dem-1059	85	38			PROPN
dem-1059	85	39			PUNCT
dem-1059	85	40			PROPN
dem-1059	85	41			VERB
dem-1059	85	42			PUNCT
dem-1059	86	1			NUM
dem-1059	86	2	tst	tst	NOUN
dem-1059	86	3	tst	tst	NOUN
dem-1059	86	4	tstmv	tstmv	ADJ
dem-1059	86	5	(	(	PUNCT
dem-1059	86	6	10	10	NUM
dem-1059	86	7	)	)	PUNCT
dem-1059	86	8	which	which	PRON
dem-1059	86	9	has	have	VERB
dem-1059	86	10	a	a	DET
dem-1059	86	11	return	return	NOUN
dem-1059	86	12	:	:	PUNCT
dem-1059	86	13	,	,	PUNCT
dem-1059	86	14	'	'	PUNCT
dem-1059	86	15	'	'	PUNCT
dem-1059	86	16	1	1	NUM
dem-1059	87	1	|	|	ADV
dem-1059	87	2	|	|	ADV
dem-1059	87	3	1	1	NUM
dem-1059	87	4	|	|	ADV
dem-1059	87	5	|	|	ADV
dem-1059	87	6	,	,	PUNCT
dem-1059	87	7	ισι	ισι	PROPN
dem-1059	87	8	zσι	zσι	PROPN
dem-1059	87	9			PROPN
dem-1059	87	10			PUNCT
dem-1059	87	11			PUNCT
dem-1059	87	12			PROPN
dem-1059	87	13			VERB
dem-1059	87	14			PUNCT
dem-1059	87	15			NUM
dem-1059	87	16	tst	tst	NOUN
dem-1059	87	17	tsttst	tsttst	VERB
dem-1059	87	18	tstmvr	tstmvr	NOUN
dem-1059	87	19	(	(	PUNCT
dem-1059	87	20	11	11	NUM
dem-1059	87	21	)	)	PUNCT
dem-1059	87	22	and	and	CCONJ
dem-1059	87	23	the	the	DET
dem-1059	87	24	conditional	conditional	ADJ
dem-1059	87	25	variance	variance	NOUN
dem-1059	87	26	at	at	ADP
dem-1059	87	27	time	time	NOUN
dem-1059	87	28	t	t	PROPN
dem-1059	87	29	:	:	PUNCT
dem-1059	87	30	,	,	PUNCT
dem-1059	87	31	'	'	PUNCT
dem-1059	87	32	1	1	NUM
dem-1059	87	33	)	)	PUNCT
dem-1059	87	34	,	,	PUNCT
dem-1059	87	35	...	...	PUNCT
dem-1059	87	36	,	,	PUNCT
dem-1059	87	37	,	,	PUNCT
dem-1059	87	38	|	|	ADV
dem-1059	87	39	'	'	PUNCT
dem-1059	87	40	(	(	PUNCT
dem-1059	87	41	1	1	NUM
dem-1059	87	42	|	|	ADV
dem-1059	87	43	2	2	NUM
dem-1059	87	44	|,|	|,|	NUM
dem-1059	87	45	,	,	PUNCT
dem-1059	87	46	ισι	ισι	PROPN
dem-1059	87	47	θθyw	θθyw	PROPN
dem-1059	87	48			PROPN
dem-1059	87	49			PUNCT
dem-1059	87	50			ADJ
dem-1059	87	51			NUM
dem-1059	87	52	tst	tst	NOUN
dem-1059	87	53	tstmvstttsttstmv	tstmvstttsttstmv	ADJ
dem-1059	87	54	vvar	vvar	PROPN
dem-1059	87	55			NOUN
dem-1059	87	56	(	(	PUNCT
dem-1059	87	57	12	12	NUM
dem-1059	87	58	)	)	PUNCT
dem-1059	87	59	where	where	SCONJ
dem-1059	87	60	ι	ι	PROPN
dem-1059	87	61	is	be	AUX
dem-1059	87	62	an	an	DET
dem-1059	87	63	n1	n1	ADJ
dem-1059	87	64	vector	vector	NOUN
dem-1059	87	65	of	of	ADP
dem-1059	87	66	ones	one	NOUN
dem-1059	87	67	.	.	PUNCT
dem-1059	88	1	next	next	ADV
dem-1059	88	2	we	we	PRON
dem-1059	88	3	consider	consider	VERB
dem-1059	88	4	a	a	DET
dem-1059	88	5	s	s	NOUN
dem-1059	88	6	-	-	PUNCT
dem-1059	88	7	period	period	NOUN
dem-1059	88	8	portfolio	portfolio	NOUN
dem-1059	88	9	selection	selection	NOUN
dem-1059	88	10	problem	problem	NOUN
dem-1059	88	11	where	where	SCONJ
dem-1059	88	12	the	the	DET
dem-1059	88	13	investor	investor	NOUN
dem-1059	88	14	minimizes	minimize	VERB
dem-1059	88	15	the	the	DET
dem-1059	88	16	conditional	conditional	ADJ
dem-1059	88	17	variance	variance	NOUN
dem-1059	88	18	of	of	ADP
dem-1059	88	19	the	the	DET
dem-1059	88	20	portfolio	portfolio	NOUN
dem-1059	88	21	with	with	ADP
dem-1059	88	22	a	a	DET
dem-1059	88	23	given	give	VERB
dem-1059	88	24	level	level	NOUN
dem-1059	88	25	of	of	ADP
dem-1059	88	26	return	return	NOUN
dem-1059	88	27	*	*	PUNCT
dem-1059	88	28	|,|	|,|	PRON
dem-1059	88	29	,	,	PUNCT
dem-1059	88	30	~	~	PUNCT
dem-1059	88	31	tstptstw	tstptstw	NOUN
dem-1059	88	32	rr	rr	PROPN
dem-1059	88	33			PROPN
dem-1059	88	34			NUM
dem-1059	88	35	.	.	PUNCT
dem-1059	89	1	this	this	DET
dem-1059	89	2	problem	problem	NOUN
dem-1059	89	3	reduces	reduce	VERB
dem-1059	89	4	to	to	ADP
dem-1059	89	5	solving	solve	VERB
dem-1059	89	6	the	the	DET
dem-1059	89	7	quadratic	quadratic	ADJ
dem-1059	89	8	programming	programming	NOUN
dem-1059	89	9	problem	problem	NOUN
dem-1059	89	10	:	:	PUNCT
dem-1059	89	11	2	2	NUM
dem-1059	89	12	a	a	DET
dem-1059	89	13	very	very	ADV
dem-1059	89	14	similar	similar	ADJ
dem-1059	89	15	result	result	NOUN
dem-1059	89	16	was	be	AUX
dem-1059	89	17	obtained	obtain	VERB
dem-1059	89	18	by	by	ADP
dem-1059	89	19	piotr	piotr	PROPN
dem-1059	89	20	de	de	PROPN
dem-1059	89	21	silva	silva	PROPN
dem-1059	89	22	in	in	ADP
dem-1059	89	23	his	his	PRON
dem-1059	89	24	unpublished	unpublished	ADJ
dem-1059	89	25	master	master	NOUN
dem-1059	89	26	’s	’s	PART
dem-1059	89	27	dissertation	dissertation	NOUN
dem-1059	89	28	.	.	PUNCT
dem-1059	90	1	anna	anna	PROPN
dem-1059	90	2	pajor	pajor	PROPN
dem-1059	90	3	46	46	NUM
dem-1059	90	4	tsttsttst	tsttsttst	ADJ
dem-1059	90	5	tst	tst	NOUN
dem-1059	90	6	|||	|||	NOUN
dem-1059	90	7	'	'	PUNCT
dem-1059	90	8	min	min	NOUN
dem-1059	90	9	|	|	ADV
dem-1059	90	10			ADV
dem-1059	90	11			PUNCT
dem-1059	90	12	wσw	wσw	NOUN
dem-1059	90	13	w	w	PROPN
dem-1059	90	14	subject	subject	NOUN
dem-1059	90	15	to	to	ADP
dem-1059	90	16			PROPN
dem-1059	90	17			NUM
dem-1059	90	18			NUM
dem-1059	90	19			ADP
dem-1059	90	20			NUM
dem-1059	90	21			NOUN
dem-1059	90	22			NOUN
dem-1059	90	23			PUNCT
dem-1059	90	24	.	.	PUNCT
dem-1059	90	25	'	'	PUNCT
dem-1059	91	1	,	,	PUNCT
dem-1059	91	2	1	1	X
dem-1059	91	3	'	'	PUNCT
dem-1059	91	4	*	*	PUNCT
dem-1059	91	5	|,||	|,||	PROPN
dem-1059	91	6	|	|	ADV
dem-1059	91	7	sttptsttst	sttptsttst	ADJ
dem-1059	91	8	tst	tst	NOUN
dem-1059	91	9	rzw	rzw	NOUN
dem-1059	91	10	ιw	ιw	ADP
dem-1059	91	11	when	when	SCONJ
dem-1059	91	12	*	*	ADP
dem-1059	91	13	|,|	|,|	NUM
dem-1059	91	14	,	,	PUNCT
dem-1059	91	15	~	~	PUNCT
dem-1059	91	16	tstptstw	tstptstw	NOUN
dem-1059	91	17	rr	rr	PROPN
dem-1059	91	18			PROPN
dem-1059	91	19			PROPN
dem-1059	91	20	,	,	PUNCT
dem-1059	91	21	the	the	DET
dem-1059	91	22	solution	solution	NOUN
dem-1059	91	23	for	for	ADP
dem-1059	91	24	the	the	DET
dem-1059	91	25	s	s	NOUN
dem-1059	91	26	-	-	PUNCT
dem-1059	91	27	period	period	NOUN
dem-1059	91	28	portfolio	portfolio	NOUN
dem-1059	91	29	is	be	AUX
dem-1059	91	30	:	:	PUNCT
dem-1059	91	31	.	.	PUNCT
dem-1059	91	32	)	)	PUNCT
dem-1059	92	1	'	'	PUNCT
dem-1059	92	2	(	(	PUNCT
dem-1059	92	3	)	)	PUNCT
dem-1059	92	4	'	'	NUM
dem-1059	92	5	)	)	PUNCT
dem-1059	93	1	(	(	PUNCT
dem-1059	93	2	'	'	PUNCT
dem-1059	93	3	(	(	PUNCT
dem-1059	93	4	)	)	PUNCT
dem-1059	93	5	)	)	PUNCT
dem-1059	93	6	(	(	PUNCT
dem-1059	93	7	''	''	PUNCT
dem-1059	93	8	(	(	PUNCT
dem-1059	93	9	2	2	NUM
dem-1059	93	10	|	|	ADV
dem-1059	93	11	1	1	NUM
dem-1059	93	12	||	||	NOUN
dem-1059	93	13	1	1	NUM
dem-1059	93	14	||	||	NOUN
dem-1059	93	15	1	1	NUM
dem-1059	94	1	|	|	ADV
dem-1059	94	2	|	|	ADV
dem-1059	94	3	*	*	PUNCT
dem-1059	95	1	|	|	ADV
dem-1059	95	2	,	,	PUNCT
dem-1059	95	3	1	1	NUM
dem-1059	95	4	||	||	NOUN
dem-1059	95	5	1	1	NUM
dem-1059	96	1	|	|	ADV
dem-1059	96	2	1	1	NUM
dem-1059	96	3	||	||	NOUN
dem-1059	96	4	1	1	NUM
dem-1059	97	1	|	|	ADV
dem-1059	97	2	|	|	ADV
dem-1059	97	3	,	,	PUNCT
dem-1059	97	4	*	*	PUNCT
dem-1059	98	1	tsttsttsttsttsttst	tsttsttsttsttsttst	NOUN
dem-1059	98	2	tsttstptsttsttsttsttsttst	tsttstptsttsttsttsttsttst	VERB
dem-1059	98	3	tstmvr	tstmvr	PROPN
dem-1059	98	4	r	r	PROPN
dem-1059	98	5	p	p	PROPN
dem-1059	98	6			PUNCT
dem-1059	98	7			PROPN
dem-1059	98	8			PROPN
dem-1059	98	9			PROPN
dem-1059	98	10			PROPN
dem-1059	98	11			PROPN
dem-1059	98	12			PART
dem-1059	98	13			ADJ
dem-1059	98	14			PROPN
dem-1059	98	15			PROPN
dem-1059	98	16			PROPN
dem-1059	98	17			VERB
dem-1059	98	18			PROPN
dem-1059	98	19			PROPN
dem-1059	98	20			PROPN
dem-1059	98	21			PUNCT
dem-1059	98	22			PUNCT
dem-1059	98	23			PROPN
dem-1059	98	24			NUM
dem-1059	98	25			NUM
dem-1059	98	26	zσιzσzισι	zσιzσzισι	PROPN
dem-1059	98	27	zισιzσσιzς	zισιzσσιzς	PROPN
dem-1059	98	28	w	w	PROPN
dem-1059	98	29	(	(	PUNCT
dem-1059	98	30	13	13	NUM
dem-1059	98	31	)	)	PUNCT
dem-1059	98	32	it	it	PRON
dem-1059	98	33	is	be	AUX
dem-1059	98	34	important	important	ADJ
dem-1059	98	35	to	to	PART
dem-1059	98	36	stress	stress	VERB
dem-1059	98	37	that	that	SCONJ
dem-1059	98	38	the	the	DET
dem-1059	98	39	classic	classic	ADJ
dem-1059	98	40	portfolio	portfolio	NOUN
dem-1059	98	41	choice	choice	NOUN
dem-1059	98	42	scheme	scheme	NOUN
dem-1059	98	43	assumes	assume	VERB
dem-1059	98	44	the	the	DET
dem-1059	98	45	covariance	covariance	NOUN
dem-1059	98	46	matrix	matrix	NOUN
dem-1059	98	47	and	and	CCONJ
dem-1059	98	48	expected	expect	VERB
dem-1059	98	49	returns	return	NOUN
dem-1059	98	50	at	at	ADP
dem-1059	98	51	time	time	NOUN
dem-1059	98	52	t	t	PROPN
dem-1059	98	53	to	to	PART
dem-1059	98	54	be	be	AUX
dem-1059	98	55	known	know	VERB
dem-1059	98	56	.	.	PUNCT
dem-1059	99	1	in	in	ADP
dem-1059	99	2	our	our	PRON
dem-1059	99	3	bayesian	bayesian	NOUN
dem-1059	99	4	models	model	VERB
dem-1059	99	5	the	the	DET
dem-1059	99	6	minimum	minimum	ADJ
dem-1059	99	7	conditional	conditional	ADJ
dem-1059	99	8	variance	variance	NOUN
dem-1059	99	9	portfolio	portfolio	NOUN
dem-1059	99	10	(	(	PUNCT
dem-1059	99	11	tstmv	tstmv	ADV
dem-1059	99	12	|	|	ADV
dem-1059	99	13	,	,	PUNCT
dem-1059	99	14	w	w	NOUN
dem-1059	99	15	)	)	PUNCT
dem-1059	99	16	,	,	PUNCT
dem-1059	99	17	and	and	CCONJ
dem-1059	99	18	the	the	DET
dem-1059	99	19	minimum	minimum	ADJ
dem-1059	99	20	conditional	conditional	ADJ
dem-1059	99	21	variance	variance	NOUN
dem-1059	99	22	portfolio	portfolio	NOUN
dem-1059	99	23	with	with	ADP
dem-1059	99	24	a	a	DET
dem-1059	99	25	given	give	VERB
dem-1059	99	26	level	level	NOUN
dem-1059	99	27	of	of	ADP
dem-1059	99	28	return	return	NOUN
dem-1059	99	29	,	,	PUNCT
dem-1059	99	30	(	(	PUNCT
dem-1059	99	31	tstmvrp	tstmvrp	PROPN
dem-1059	99	32	|	|	NOUN
dem-1059	99	33	,	,	PUNCT
dem-1059	99	34	*	*	PUNCT
dem-1059	99	35			PROPN
dem-1059	99	36	w	w	PROPN
dem-1059	99	37	)	)	PUNCT
dem-1059	99	38	are	be	AUX
dem-1059	99	39	random	random	ADJ
dem-1059	99	40	vectors	vector	NOUN
dem-1059	99	41	as	as	ADP
dem-1059	99	42	measurable	measurable	ADJ
dem-1059	99	43	functions	function	NOUN
dem-1059	99	44	of	of	ADP
dem-1059	99	45	zt+s|t	zt+s|t	NOUN
dem-1059	99	46	,	,	PUNCT
dem-1059	99	47	and	and	CCONJ
dem-1059	99	48	tst	tst	NOUN
dem-1059	99	49	|σ	|σ	VERB
dem-1059	99	50	.	.	PUNCT
dem-1059	100	1	hence	hence	ADV
dem-1059	100	2	,	,	PUNCT
dem-1059	100	3	the	the	DET
dem-1059	100	4	predictive	predictive	ADJ
dem-1059	100	5	distributions	distribution	NOUN
dem-1059	100	6	of	of	ADP
dem-1059	100	7	tstmv	tstmv	ADJ
dem-1059	100	8	|	|	NOUN
dem-1059	100	9	,	,	PUNCT
dem-1059	100	10	w	w	NOUN
dem-1059	100	11	,	,	PUNCT
dem-1059	100	12	and	and	CCONJ
dem-1059	100	13	tstmvrp	tstmvrp	NOUN
dem-1059	100	14	|	|	NOUN
dem-1059	100	15	,	,	PUNCT
dem-1059	100	16	*	*	PUNCT
dem-1059	100	17			PROPN
dem-1059	100	18	w	w	X
dem-1059	100	19	(	(	PUNCT
dem-1059	100	20	also	also	ADV
dem-1059	100	21	,	,	PUNCT
dem-1059	100	22	of	of	ADP
dem-1059	100	23	tstmvv	tstmvv	NOUN
dem-1059	100	24	|	|	ADV
dem-1059	100	25	,	,	PUNCT
dem-1059	100	26			ADV
dem-1059	100	27	,	,	PUNCT
dem-1059	100	28	and	and	CCONJ
dem-1059	100	29	tstmvrp	tstmvrp	NOUN
dem-1059	100	30	v	v	ADP
dem-1059	100	31	|	|	ADV
dem-1059	100	32	,	,	PUNCT
dem-1059	100	33	*	*	PUNCT
dem-1059	100	34			X
dem-1059	100	35	)	)	PUNCT
dem-1059	100	36	are	be	AUX
dem-1059	100	37	induced	induce	VERB
dem-1059	100	38	by	by	ADP
dem-1059	100	39	the	the	DET
dem-1059	100	40	distribution	distribution	NOUN
dem-1059	100	41	of	of	ADP
dem-1059	100	42	zt+s|t	zt+s|t	NOUN
dem-1059	100	43	,	,	PUNCT
dem-1059	100	44	and	and	CCONJ
dem-1059	100	45	tst	tst	NOUN
dem-1059	100	46	|σ	|σ	VERB
dem-1059	100	47	.	.	PUNCT
dem-1059	101	1	in	in	ADP
dem-1059	101	2	practice	practice	NOUN
dem-1059	101	3	,	,	PUNCT
dem-1059	101	4	to	to	PART
dem-1059	101	5	compute	compute	VERB
dem-1059	101	6	the	the	DET
dem-1059	101	7	weights	weight	NOUN
dem-1059	101	8	of	of	ADP
dem-1059	101	9	the	the	DET
dem-1059	101	10	assets	asset	NOUN
dem-1059	101	11	in	in	ADP
dem-1059	101	12	the	the	DET
dem-1059	101	13	portfolio	portfolio	NOUN
dem-1059	101	14	we	we	PRON
dem-1059	101	15	must	must	AUX
dem-1059	101	16	use	use	VERB
dem-1059	101	17	some	some	DET
dem-1059	101	18	characteristic	characteristic	NOUN
dem-1059	101	19	of	of	ADP
dem-1059	101	20	these	these	DET
dem-1059	101	21	predictive	predictive	ADJ
dem-1059	101	22	distributions	distribution	NOUN
dem-1059	101	23	.	.	PUNCT
dem-1059	102	1	as	as	ADP
dem-1059	102	2	the	the	DET
dem-1059	102	3	predictive	predictive	ADJ
dem-1059	102	4	mean	mean	NOUN
dem-1059	102	5	(	(	PUNCT
dem-1059	102	6	for	for	ADP
dem-1059	102	7	tstmv	tstmv	ADJ
dem-1059	102	8	|	|	NOUN
dem-1059	102	9	,	,	PUNCT
dem-1059	102	10	w	w	NOUN
dem-1059	102	11	or	or	CCONJ
dem-1059	102	12	tstmvrp	tstmvrp	NOUN
dem-1059	102	13	|	|	NOUN
dem-1059	102	14	,	,	PUNCT
dem-1059	102	15	*	*	PUNCT
dem-1059	102	16			PROPN
dem-1059	102	17	w	w	PROPN
dem-1059	102	18	)	)	PUNCT
dem-1059	102	19	may	may	AUX
dem-1059	102	20	not	not	PART
dem-1059	102	21	exist	exist	VERB
dem-1059	102	22	,	,	PUNCT
dem-1059	102	23	we	we	PRON
dem-1059	102	24	consider	consider	VERB
dem-1059	102	25	the	the	DET
dem-1059	102	26	predictive	predictive	ADJ
dem-1059	102	27	medians	median	NOUN
dem-1059	102	28	of	of	ADP
dem-1059	102	29	tstimv	tstimv	NOUN
dem-1059	102	30	|	|	ADV
dem-1059	102	31	,	,	PUNCT
dem-1059	102	32	,	,	PUNCT
dem-1059	102	33	w	w	NOUN
dem-1059	102	34	and	and	CCONJ
dem-1059	102	35	tstimvrp	tstimvrp	ADJ
dem-1059	102	36	|	|	NOUN
dem-1059	102	37	,	,	PUNCT
dem-1059	102	38	,	,	PUNCT
dem-1059	102	39	*	*	PUNCT
dem-1059	102	40			PROPN
dem-1059	102	41	w	w	PROPN
dem-1059	102	42	,	,	PUNCT
dem-1059	102	43	denoted	denote	VERB
dem-1059	102	44	by	by	ADP
dem-1059	102	45	)	)	PUNCT
dem-1059	102	46	'	'	PUNCT
dem-1059	102	47	,	,	PUNCT
dem-1059	102	48	...	...	PUNCT
dem-1059	102	49	,	,	PUNCT
dem-1059	102	50	(	(	PUNCT
dem-1059	102	51	|,,|,1,|	|,,|,1,|	PROPN
dem-1059	102	52	,	,	PUNCT
dem-1059	102	53	op	op	NOUN
dem-1059	102	54	tstnmv	tstnmv	PROPN
dem-1059	102	55	op	op	NOUN
dem-1059	102	56	tstmv	tstmv	X
dem-1059	102	57	op	op	NOUN
dem-1059	102	58	tstmv	tstmv	X
dem-1059	102	59	ww	ww	PROPN
dem-1059	102	60			ADV
dem-1059	102	61	w	w	ADJ
dem-1059	102	62	and	and	CCONJ
dem-1059	102	63	)	)	PUNCT
dem-1059	102	64	'	'	PUNCT
dem-1059	102	65	,	,	PUNCT
dem-1059	102	66	...	...	PUNCT
dem-1059	102	67	,	,	PUNCT
dem-1059	102	68	(	(	PUNCT
dem-1059	102	69	|,,|,|	|,,|,|	NOUN
dem-1059	102	70	,	,	PUNCT
dem-1059	102	71	*	*	PUNCT
dem-1059	102	72	*	*	PUNCT
dem-1059	102	73	*	*	PUNCT
dem-1059	102	74	op	op	NOUN
dem-1059	102	75	tstnmvr	tstnmvr	PROPN
dem-1059	102	76	op	op	PROPN
dem-1059	102	77	tstmvr	tstmvr	PROPN
dem-1059	102	78	op	op	PROPN
dem-1059	102	79	tstmvr	tstmvr	PROPN
dem-1059	102	80	ppp	ppp	PROPN
dem-1059	102	81	ww	ww	PROPN
dem-1059	102	82			PROPN
dem-1059	102	83	w	w	ADJ
dem-1059	102	84	,	,	PUNCT
dem-1059	102	85	and	and	CCONJ
dem-1059	102	86	defined	define	VERB
dem-1059	102	87	respectively	respectively	ADV
dem-1059	102	88	by	by	ADP
dem-1059	102	89	conditions	condition	NOUN
dem-1059	102	90	:	:	PUNCT
dem-1059	103	1	5.0}|pr	5.0}|pr	NUM
dem-1059	103	2	{	{	PUNCT
dem-1059	103	3	|,,|	|,,|	NOUN
dem-1059	103	4	,	,	PUNCT
dem-1059	103	5	,	,	PUNCT
dem-1059	103	6			PROPN
dem-1059	103	7			PROPN
dem-1059	103	8	yww	yww	ADJ
dem-1059	103	9	op	op	NOUN
dem-1059	103	10	tstimvtstimv	tstimvtstimv	NOUN
dem-1059	103	11	and	and	CCONJ
dem-1059	103	12	5.0}|pr	5.0}|pr	NUM
dem-1059	103	13	{	{	PUNCT
dem-1059	103	14	|,,|	|,,|	NOUN
dem-1059	103	15	,	,	PUNCT
dem-1059	103	16	,	,	PUNCT
dem-1059	103	17			PROPN
dem-1059	103	18			VERB
dem-1059	103	19	yww	yww	ADJ
dem-1059	103	20	op	op	NOUN
dem-1059	103	21	tstimvtstimv	tstimvtstimv	NOUN
dem-1059	103	22	,	,	PUNCT
dem-1059	103	23	5.0}|pr	5.0}|pr	PROPN
dem-1059	103	24	{	{	PUNCT
dem-1059	103	25	|,,|	|,,|	NOUN
dem-1059	103	26	,	,	PUNCT
dem-1059	103	27	,	,	PUNCT
dem-1059	103	28	*	*	PUNCT
dem-1059	103	29	*	*	PUNCT
dem-1059	103	30			PROPN
dem-1059	103	31			ADJ
dem-1059	103	32	yww	yww	ADJ
dem-1059	103	33	op	op	NOUN
dem-1059	103	34	tstimvrtstimvr	tstimvrtstimvr	NOUN
dem-1059	103	35	pp	pp	ADP
dem-1059	104	1	and	and	CCONJ
dem-1059	104	2	,	,	PUNCT
dem-1059	104	3	5.0}|pr	5.0}|pr	PROPN
dem-1059	104	4	{	{	PUNCT
dem-1059	104	5	|,,|	|,,|	NOUN
dem-1059	104	6	,	,	PUNCT
dem-1059	104	7	,	,	PUNCT
dem-1059	104	8	*	*	PUNCT
dem-1059	104	9	*	*	PUNCT
dem-1059	104	10			X
dem-1059	105	1			ADJ
dem-1059	105	2	yww	yww	ADJ
dem-1059	105	3	op	op	NOUN
dem-1059	105	4	tstimvrtstimvr	tstimvrtstimvr	NOUN
dem-1059	105	5	pp	pp	ADP
dem-1059	105	6	for	for	ADP
dem-1059	105	7	i	i	PROPN
dem-1059	105	8	=	=	NOUN
dem-1059	105	9	1	1	NUM
dem-1059	105	10	,	,	PUNCT
dem-1059	105	11	...	...	PUNCT
dem-1059	105	12	,	,	PUNCT
dem-1059	105	13	n-1	n-1	PROPN
dem-1059	105	14	,	,	PUNCT
dem-1059	105	15	and	and	CCONJ
dem-1059	105	16			AUX
dem-1059	105	17			VERB
dem-1059	106	1			NOUN
dem-1059	106	2			PROPN
dem-1059	106	3			ADJ
dem-1059	106	4	1	1	NUM
dem-1059	106	5	1	1	NUM
dem-1059	106	6	|,,|	|,,|	NOUN
dem-1059	106	7	,	,	PUNCT
dem-1059	106	8	,	,	PUNCT
dem-1059	106	9	1	1	NUM
dem-1059	106	10	n	n	NOUN
dem-1059	107	1	i	i	PRON
dem-1059	107	2	op	op	NOUN
dem-1059	107	3	tstimv	tstimv	VERB
dem-1059	107	4	op	op	NOUN
dem-1059	107	5	tstnmv	tstnmv	PROPN
dem-1059	107	6	ww	ww	PROPN
dem-1059	107	7	,	,	PUNCT
dem-1059	107	8			X
dem-1059	107	9			VERB
dem-1059	107	10			PRON
dem-1059	107	11			PROPN
dem-1059	107	12			ADJ
dem-1059	107	13	1	1	NUM
dem-1059	107	14	1	1	NUM
dem-1059	107	15	|,,|	|,,|	NOUN
dem-1059	107	16	,	,	PUNCT
dem-1059	107	17	,	,	PUNCT
dem-1059	107	18	*	*	PUNCT
dem-1059	107	19	*	*	PUNCT
dem-1059	107	20	1	1	NUM
dem-1059	107	21	n	n	NOUN
dem-1059	108	1	i	i	PRON
dem-1059	108	2	op	op	VERB
dem-1059	108	3	tstimvr	tstimvr	ADV
dem-1059	108	4	op	op	NOUN
dem-1059	108	5	tstnmvr	tstnmvr	NOUN
dem-1059	109	1	pp	pp	PROPN
dem-1059	109	2	ww	ww	PROPN
dem-1059	109	3	.	.	PUNCT
dem-1059	110	1	in	in	ADP
dem-1059	110	2	multivariate	multivariate	NOUN
dem-1059	110	3	stochastic	stochastic	ADJ
dem-1059	110	4	variance	variance	NOUN
dem-1059	110	5	models	model	NOUN
dem-1059	110	6	there	there	PRON
dem-1059	110	7	is	be	VERB
dem-1059	110	8	no	no	DET
dem-1059	110	9	analytical	analytical	ADJ
dem-1059	110	10	solution	solution	NOUN
dem-1059	110	11	for	for	ADP
dem-1059	110	12	the	the	DET
dem-1059	110	13	optimal	optimal	ADJ
dem-1059	110	14	portfolio	portfolio	NOUN
dem-1059	110	15	selection	selection	NOUN
dem-1059	110	16	problem	problem	NOUN
dem-1059	110	17	even	even	ADV
dem-1059	110	18	for	for	ADP
dem-1059	110	19	n	n	NOUN
dem-1059	110	20	=	=	SYM
dem-1059	110	21	2	2	NUM
dem-1059	110	22	assets	asset	NOUN
dem-1059	110	23	.	.	PUNCT
dem-1059	111	1	to	to	PART
dem-1059	111	2	evaluate	evaluate	VERB
dem-1059	111	3	the	the	DET
dem-1059	111	4	quantiles	quantile	NOUN
dem-1059	111	5	of	of	ADP
dem-1059	111	6	the	the	DET
dem-1059	111	7	predictive	predictive	ADJ
dem-1059	111	8	distributions	distribution	NOUN
dem-1059	111	9	of	of	ADP
dem-1059	111	10	tstmv	tstmv	ADJ
dem-1059	111	11	|	|	NOUN
dem-1059	111	12	,	,	PUNCT
dem-1059	111	13	w	w	NOUN
dem-1059	111	14	and	and	CCONJ
dem-1059	111	15	tstmvrp	tstmvrp	PROPN
dem-1059	111	16	|	|	NOUN
dem-1059	111	17	,	,	PUNCT
dem-1059	111	18	*	*	PUNCT
dem-1059	111	19			PROPN
dem-1059	111	20	w	w	PROPN
dem-1059	111	21	,	,	PUNCT
dem-1059	111	22	and	and	CCONJ
dem-1059	111	23	then	then	ADV
dem-1059	111	24	find	find	VERB
dem-1059	111	25	the	the	DET
dem-1059	111	26	portfolio	portfolio	NOUN
dem-1059	111	27	,	,	PUNCT
dem-1059	111	28	we	we	PRON
dem-1059	111	29	use	use	VERB
dem-1059	111	30	markov	markov	NOUN
dem-1059	111	31	chain	chain	NOUN
dem-1059	111	32	monte	monte	PROPN
dem-1059	111	33	carlo	carlo	PROPN
dem-1059	111	34	methods	method	NOUN
dem-1059	111	35	–	–	PUNCT
dem-1059	111	36	the	the	DET
dem-1059	111	37	gibbs	gibbs	PROPN
dem-1059	111	38	sampler	sampler	NOUN
dem-1059	111	39	with	with	ADP
dem-1059	111	40	the	the	DET
dem-1059	111	41	metropolis	metropolis	PROPN
dem-1059	111	42	-	-	PUNCT
dem-1059	111	43	hastings	hasting	NOUN
dem-1059	111	44	algorithm	algorithm	NOUN
dem-1059	111	45	.	.	PUNCT
dem-1059	112	1	bayesian	bayesian	NOUN
dem-1059	112	2	optimal	optimal	ADJ
dem-1059	112	3	portfolio	portfolio	NOUN
dem-1059	112	4	selection	selection	NOUN
dem-1059	112	5	in	in	ADP
dem-1059	112	6	the	the	DET
dem-1059	112	7	msf	msf	NOUN
dem-1059	112	8	-	-	PUNCT
dem-1059	112	9	sbekk	sbekk	ADJ
dem-1059	112	10	model	model	NOUN
dem-1059	112	11	47	47	NUM
dem-1059	112	12	3	3	NUM
dem-1059	112	13	.	.	PUNCT
dem-1059	112	14	empirical	empirical	ADJ
dem-1059	112	15	results	result	NOUN
dem-1059	112	16	as	as	ADP
dem-1059	112	17	the	the	DET
dem-1059	112	18	dataset	dataset	NOUN
dem-1059	112	19	we	we	PRON
dem-1059	112	20	use	use	VERB
dem-1059	112	21	the	the	DET
dem-1059	112	22	same	same	ADJ
dem-1059	112	23	daily	daily	ADJ
dem-1059	112	24	exchange	exchange	NOUN
dem-1059	112	25	rates	rate	NOUN
dem-1059	112	26	as	as	ADP
dem-1059	112	27	in	in	ADP
dem-1059	112	28	pajor	pajor	NOUN
dem-1059	112	29	(	(	PUNCT
dem-1059	112	30	2009	2009	NUM
dem-1059	112	31	)	)	PUNCT
dem-1059	112	32	.	.	PUNCT
dem-1059	113	1	thus	thus	ADV
dem-1059	113	2	,	,	PUNCT
dem-1059	113	3	we	we	PRON
dem-1059	113	4	consider	consider	VERB
dem-1059	113	5	the	the	DET
dem-1059	113	6	daily	daily	ADJ
dem-1059	113	7	exchange	exchange	NOUN
dem-1059	113	8	rate	rate	NOUN
dem-1059	113	9	of	of	ADP
dem-1059	113	10	the	the	DET
dem-1059	113	11	euro	euro	NOUN
dem-1059	113	12	against	against	ADP
dem-1059	113	13	the	the	DET
dem-1059	113	14	polish	polish	ADJ
dem-1059	113	15	zloty	zloty	NOUN
dem-1059	113	16	and	and	CCONJ
dem-1059	113	17	the	the	DET
dem-1059	113	18	daily	daily	ADJ
dem-1059	113	19	exchange	exchange	NOUN
dem-1059	113	20	rate	rate	NOUN
dem-1059	113	21	of	of	ADP
dem-1059	113	22	the	the	DET
dem-1059	113	23	us	us	PROPN
dem-1059	113	24	dollar	dollar	NOUN
dem-1059	113	25	against	against	ADP
dem-1059	113	26	the	the	DET
dem-1059	113	27	polish	polish	ADJ
dem-1059	113	28	zloty	zloty	NOUN
dem-1059	113	29	from	from	ADP
dem-1059	113	30	january	january	PROPN
dem-1059	113	31	2	2	NUM
dem-1059	113	32	,	,	PUNCT
dem-1059	113	33	2002	2002	NUM
dem-1059	113	34	to	to	ADP
dem-1059	113	35	june	june	PROPN
dem-1059	113	36	29	29	NUM
dem-1059	113	37	,	,	PUNCT
dem-1059	113	38	2007	2007	NUM
dem-1059	113	39	.	.	PUNCT
dem-1059	114	1	the	the	DET
dem-1059	114	2	data	datum	NOUN
dem-1059	114	3	were	be	AUX
dem-1059	114	4	downloaded	download	VERB
dem-1059	114	5	from	from	ADP
dem-1059	114	6	the	the	DET
dem-1059	114	7	website	website	NOUN
dem-1059	114	8	of	of	ADP
dem-1059	114	9	the	the	DET
dem-1059	114	10	national	national	PROPN
dem-1059	114	11	bank	bank	PROPN
dem-1059	114	12	of	of	ADP
dem-1059	114	13	poland	poland	PROPN
dem-1059	114	14	.	.	PUNCT
dem-1059	115	1	the	the	DET
dem-1059	115	2	dataset	dataset	NOUN
dem-1059	115	3	of	of	ADP
dem-1059	115	4	the	the	DET
dem-1059	115	5	percentage	percentage	NOUN
dem-1059	115	6	daily	daily	ADJ
dem-1059	115	7	logarithmic	logarithmic	ADJ
dem-1059	115	8	growth	growth	NOUN
dem-1059	115	9	(	(	PUNCT
dem-1059	115	10	return	return	NOUN
dem-1059	115	11	)	)	PUNCT
dem-1059	115	12	rates	rate	NOUN
dem-1059	115	13	,	,	PUNCT
dem-1059	115	14	yt	yt	NOUN
dem-1059	115	15	,	,	PUNCT
dem-1059	115	16	consists	consist	VERB
dem-1059	115	17	of	of	ADP
dem-1059	115	18	1388	1388	NUM
dem-1059	115	19	observations	observation	NOUN
dem-1059	115	20	(	(	PUNCT
dem-1059	115	21	for	for	ADP
dem-1059	115	22	each	each	DET
dem-1059	115	23	series	series	NOUN
dem-1059	115	24	)	)	PUNCT
dem-1059	115	25	.	.	PUNCT
dem-1059	116	1	as	as	SCONJ
dem-1059	116	2	the	the	DET
dem-1059	116	3	first	first	ADJ
dem-1059	116	4	growth	growth	NOUN
dem-1059	116	5	rates	rate	NOUN
dem-1059	116	6	are	be	AUX
dem-1059	116	7	used	use	VERB
dem-1059	116	8	as	as	ADP
dem-1059	116	9	initial	initial	ADJ
dem-1059	116	10	conditions	condition	NOUN
dem-1059	116	11	,	,	PUNCT
dem-1059	116	12	t	t	NOUN
dem-1059	116	13	=	=	SYM
dem-1059	116	14	1387	1387	NUM
dem-1059	116	15	remaining	remain	VERB
dem-1059	116	16	observations	observation	NOUN
dem-1059	116	17	on	on	ADP
dem-1059	116	18	yt	yt	PROPN
dem-1059	116	19	are	be	AUX
dem-1059	116	20	modelled	model	VERB
dem-1059	116	21	.	.	PUNCT
dem-1059	117	1	3.1	3.1	NUM
dem-1059	117	2	.	.	PUNCT
dem-1059	118	1	bayesian	bayesian	NOUN
dem-1059	118	2	model	model	NOUN
dem-1059	118	3	comparison	comparison	NOUN
dem-1059	118	4	in	in	ADP
dem-1059	118	5	table	table	NOUN
dem-1059	118	6	1	1	NUM
dem-1059	118	7	we	we	PRON
dem-1059	118	8	rank	rank	VERB
dem-1059	118	9	the	the	DET
dem-1059	118	10	models	model	NOUN
dem-1059	118	11	by	by	ADP
dem-1059	118	12	the	the	DET
dem-1059	118	13	increasing	increase	VERB
dem-1059	118	14	value	value	NOUN
dem-1059	118	15	of	of	ADP
dem-1059	118	16	the	the	DET
dem-1059	118	17	decimal	decimal	ADJ
dem-1059	118	18	logarithm	logarithm	NOUN
dem-1059	118	19	of	of	ADP
dem-1059	118	20	the	the	DET
dem-1059	118	21	bayes	bayes	NOUN
dem-1059	118	22	factor	factor	NOUN
dem-1059	118	23	of	of	ADP
dem-1059	118	24	var(1)-sjsv	var(1)-sjsv	PROPN
dem-1059	118	25	against	against	ADP
dem-1059	118	26	the	the	DET
dem-1059	118	27	alternative	alternative	ADJ
dem-1059	118	28	models	model	NOUN
dem-1059	118	29	.	.	PUNCT
dem-1059	119	1	we	we	PRON
dem-1059	119	2	see	see	VERB
dem-1059	119	3	that	that	PRON
dem-1059	119	4	for	for	ADP
dem-1059	119	5	our	our	PRON
dem-1059	119	6	dataset	dataset	NOUN
dem-1059	119	7	the	the	DET
dem-1059	119	8	models	model	NOUN
dem-1059	119	9	with	with	ADP
dem-1059	119	10	three	three	NUM
dem-1059	119	11	latent	latent	NOUN
dem-1059	119	12	processes	process	NOUN
dem-1059	119	13	describe	describe	VERB
dem-1059	119	14	the	the	DET
dem-1059	119	15	time	time	NOUN
dem-1059	119	16	-	-	PUNCT
dem-1059	119	17	varying	vary	VERB
dem-1059	119	18	conditional	conditional	ADJ
dem-1059	119	19	covariance	covariance	NOUN
dem-1059	119	20	matrix	matrix	NOUN
dem-1059	119	21	much	much	ADV
dem-1059	119	22	better	well	ADJ
dem-1059	119	23	than	than	ADP
dem-1059	119	24	the	the	DET
dem-1059	119	25	models	model	NOUN
dem-1059	119	26	with	with	ADP
dem-1059	119	27	one	one	NUM
dem-1059	119	28	or	or	CCONJ
dem-1059	119	29	two	two	NUM
dem-1059	119	30	latent	latent	NOUN
dem-1059	119	31	processes	process	NOUN
dem-1059	119	32	.	.	PUNCT
dem-1059	120	1	the	the	DET
dem-1059	120	2	var(1)-sjsv	var(1)-sjsv	PROPN
dem-1059	120	3	model	model	NOUN
dem-1059	120	4	wins	win	VERB
dem-1059	120	5	our	our	PRON
dem-1059	120	6	model	model	NOUN
dem-1059	120	7	comparison	comparison	NOUN
dem-1059	120	8	,	,	PUNCT
dem-1059	120	9	being	be	AUX
dem-1059	120	10	about	about	ADV
dem-1059	120	11	8.5	8.5	NUM
dem-1059	120	12	orders	order	NOUN
dem-1059	120	13	of	of	ADP
dem-1059	120	14	magnitude	magnitude	NOUN
dem-1059	120	15	better	well	ADJ
dem-1059	120	16	than	than	ADP
dem-1059	120	17	the	the	DET
dem-1059	120	18	var(1)-tsveur_usd	var(1)-tsveur_usd	NOUN
dem-1059	120	19	model	model	NOUN
dem-1059	120	20	.	.	PUNCT
dem-1059	121	1	the	the	DET
dem-1059	121	2	decimal	decimal	ADJ
dem-1059	121	3	log	log	NOUN
dem-1059	121	4	of	of	ADP
dem-1059	121	5	the	the	DET
dem-1059	121	6	bayes	bayes	NOUN
dem-1059	121	7	factor	factor	NOUN
dem-1059	121	8	of	of	ADP
dem-1059	121	9	the	the	DET
dem-1059	121	10	var(1)-msf	var(1)-msf	PROPN
dem-1059	121	11	-	-	PUNCT
dem-1059	121	12	sbekk	sbekk	ADJ
dem-1059	121	13	model	model	NOUN
dem-1059	121	14	relative	relative	ADJ
dem-1059	121	15	to	to	ADP
dem-1059	121	16	the	the	DET
dem-1059	121	17	var(1)-sjsv	var(1)-sjsv	PROPN
dem-1059	121	18	model	model	NOUN
dem-1059	121	19	is	be	AUX
dem-1059	121	20	27.32	27.32	NUM
dem-1059	121	21	.	.	PUNCT
dem-1059	122	1	the	the	DET
dem-1059	122	2	presence	presence	NOUN
dem-1059	122	3	of	of	ADP
dem-1059	122	4	more	more	ADJ
dem-1059	122	5	latent	latent	NOUN
dem-1059	122	6	processes	process	NOUN
dem-1059	122	7	improves	improve	VERB
dem-1059	122	8	fit	fit	ADJ
dem-1059	122	9	enormously	enormously	ADV
dem-1059	122	10	,	,	PUNCT
dem-1059	122	11	but	but	CCONJ
dem-1059	122	12	seems	seem	VERB
dem-1059	122	13	infeasible	infeasible	ADJ
dem-1059	122	14	for	for	ADP
dem-1059	122	15	highly	highly	ADV
dem-1059	122	16	dimensional	dimensional	ADJ
dem-1059	122	17	time	time	NOUN
dem-1059	122	18	series	series	NOUN
dem-1059	122	19	.	.	PUNCT
dem-1059	123	1	assuming	assume	VERB
dem-1059	123	2	equal	equal	ADJ
dem-1059	123	3	prior	prior	ADJ
dem-1059	123	4	model	model	NOUN
dem-1059	123	5	probabilities	probability	NOUN
dem-1059	123	6	,	,	PUNCT
dem-1059	123	7	the	the	DET
dem-1059	123	8	var(1)-msfsbekk	var(1)-msfsbekk	PROPN
dem-1059	123	9	model	model	NOUN
dem-1059	123	10	is	be	AUX
dem-1059	123	11	about	about	ADV
dem-1059	123	12	20.73	20.73	NUM
dem-1059	123	13	orders	order	NOUN
dem-1059	123	14	of	of	ADP
dem-1059	123	15	magnitude	magnitude	NOUN
dem-1059	123	16	more	more	ADV
dem-1059	123	17	probable	probable	ADJ
dem-1059	123	18	a	a	DET
dem-1059	123	19	posterior	posterior	NOUN
dem-1059	123	20	than	than	ADP
dem-1059	123	21	the	the	DET
dem-1059	123	22	var(1)-msf	var(1)-msf	NOUN
dem-1059	123	23	model	model	NOUN
dem-1059	123	24	(	(	PUNCT
dem-1059	123	25	with	with	ADP
dem-1059	123	26	the	the	DET
dem-1059	123	27	constant	constant	ADJ
dem-1059	123	28	conditional	conditional	ADJ
dem-1059	123	29	correlations	correlation	NOUN
dem-1059	123	30	)	)	PUNCT
dem-1059	123	31	,	,	PUNCT
dem-1059	123	32	and	and	CCONJ
dem-1059	123	33	about	about	ADV
dem-1059	123	34	32	32	NUM
dem-1059	123	35	orders	order	NOUN
dem-1059	123	36	of	of	ADP
dem-1059	123	37	magnitude	magnitude	NOUN
dem-1059	123	38	better	well	ADJ
dem-1059	123	39	than	than	ADP
dem-1059	123	40	the	the	DET
dem-1059	123	41	var(1)-sbekk	var(1)-sbekk	PROPN
dem-1059	123	42	model	model	NOUN
dem-1059	123	43	.	.	PUNCT
dem-1059	124	1	note	note	VERB
dem-1059	124	2	that	that	SCONJ
dem-1059	124	3	the	the	DET
dem-1059	124	4	var(1)-msf	var(1)-msf	PROPN
dem-1059	124	5	-	-	PUNCT
dem-1059	124	6	sbekk	sbekk	ADJ
dem-1059	124	7	model	model	NOUN
dem-1059	124	8	is	be	AUX
dem-1059	124	9	about	about	ADV
dem-1059	124	10	6.6	6.6	NUM
dem-1059	124	11	orders	order	NOUN
dem-1059	124	12	of	of	ADP
dem-1059	124	13	magnitude	magnitude	NOUN
dem-1059	124	14	better	well	ADJ
dem-1059	124	15	than	than	ADP
dem-1059	124	16	another	another	DET
dem-1059	124	17	hybrid	hybrid	NOUN
dem-1059	124	18	model	model	NOUN
dem-1059	124	19	–	–	PUNCT
dem-1059	124	20	the	the	DET
dem-1059	124	21	var(1)-msf	var(1)-msf	PROPN
dem-1059	124	22	-	-	PUNCT
dem-1059	124	23	dcc	dcc	PROPN
dem-1059	124	24	model	model	NOUN
dem-1059	124	25	,	,	PUNCT
dem-1059	124	26	proposed	propose	VERB
dem-1059	124	27	by	by	ADP
dem-1059	124	28	osiewalski	osiewalski	PROPN
dem-1059	124	29	,	,	PUNCT
dem-1059	124	30	pajor	pajor	NOUN
dem-1059	124	31	(	(	PUNCT
dem-1059	124	32	2007	2007	NUM
dem-1059	124	33	)	)	PUNCT
dem-1059	124	34	.	.	PUNCT
dem-1059	125	1	table	table	NOUN
dem-1059	125	2	1	1	NUM
dem-1059	125	3	.	.	PUNCT
dem-1059	126	1	logs	log	NOUN
dem-1059	126	2	of	of	ADP
dem-1059	126	3	bayes	bayes	NOUN
dem-1059	126	4	factors	factor	NOUN
dem-1059	126	5	in	in	ADP
dem-1059	126	6	favour	favour	NOUN
dem-1059	126	7	of	of	ADP
dem-1059	126	8	var(1)-sjsv	var(1)-sjsv	PROPN
dem-1059	126	9	model	model	NOUN
dem-1059	126	10	model	model	NOUN
dem-1059	126	11	number	number	NOUN
dem-1059	126	12	of	of	ADP
dem-1059	126	13	latent	latent	NOUN
dem-1059	126	14	processes	process	NOUN
dem-1059	126	15	number	number	NOUN
dem-1059	126	16	of	of	ADP
dem-1059	126	17	parameters	parameter	NOUN
dem-1059	126	18	log10	log10	PROPN
dem-1059	126	19	(	(	PUNCT
dem-1059	126	20	bsjsv	bsjsv	PROPN
dem-1059	126	21	,	,	PUNCT
dem-1059	126	22	i	i	NOUN
dem-1059	126	23	)	)	PUNCT
dem-1059	126	24	rank	rank	NOUN
dem-1059	127	1	var(1)-sjsv	var(1)-sjsv	PROPN
dem-1059	127	2	3	3	NUM
dem-1059	127	3	18	18	NUM
dem-1059	127	4	0	0	NUM
dem-1059	127	5	1	1	NUM
dem-1059	127	6	var(1)-tsveur_usd	var(1)-tsveur_usd	NOUN
dem-1059	127	7	3	3	NUM
dem-1059	127	8	18	18	NUM
dem-1059	127	9	8.51	8.51	NUM
dem-1059	127	10	2	2	NUM
dem-1059	127	11	var(1)-tsvusd_eur	var(1)-tsvusd_eur	ADP
dem-1059	127	12	3	3	NUM
dem-1059	127	13	18	18	NUM
dem-1059	127	14	11.10	11.10	NUM
dem-1059	127	15	3	3	NUM
dem-1059	127	16	var(1)-jsv	var(1)-jsv	PROPN
dem-1059	127	17	2	2	NUM
dem-1059	127	18	15	15	NUM
dem-1059	127	19	19.60	19.60	NUM
dem-1059	127	20	4	4	NUM
dem-1059	127	21	var(1)-msf	var(1)-msf	PROPN
dem-1059	127	22	-	-	PUNCT
dem-1059	127	23	sbekk	sbekk	ADJ
dem-1059	127	24	1	1	NUM
dem-1059	127	25	14	14	NUM
dem-1059	127	26	27.32	27.32	NUM
dem-1059	127	27	5	5	NUM
dem-1059	127	28	var(1)-msf	var(1)-msf	PROPN
dem-1059	127	29	-	-	PUNCT
dem-1059	127	30	sbekk	sbekk	NOUN
dem-1059	127	31	with	with	ADP
dem-1059	127	32	the	the	DET
dem-1059	127	33	approximation	approximation	NOUN
dem-1059	127	34	1	1	NUM
dem-1059	127	35	14	14	NUM
dem-1059	127	36	29.30	29.30	NUM
dem-1059	127	37	6	6	NUM
dem-1059	127	38	var(1)-msf	var(1)-msf	NOUN
dem-1059	127	39	-	-	PUNCT
dem-1059	127	40	idcc	idcc	ADJ
dem-1059	127	41	1	1	NUM
dem-1059	127	42	18	18	NUM
dem-1059	127	43	32.00	32.00	NUM
dem-1059	127	44	7	7	NUM
dem-1059	127	45	var(1)-msf	var(1)-msf	PROPN
dem-1059	127	46	-	-	PUNCT
dem-1059	127	47	dcc	dcc	PROPN
dem-1059	127	48	1	1	NUM
dem-1059	127	49	20	20	NUM
dem-1059	127	50	33.88	33.88	NUM
dem-1059	127	51	8	8	NUM
dem-1059	127	52	var(1)-msf(sdf	var(1)-msf(sdf	NUM
dem-1059	127	53	)	)	PUNCT
dem-1059	127	54	1	1	NUM
dem-1059	127	55	12	12	NUM
dem-1059	127	56	48.05	48.05	NUM
dem-1059	127	57	9	9	NUM
dem-1059	127	58	var(1)-sbekk	var(1)-sbekk	PROPN
dem-1059	127	59	0	0	NUM
dem-1059	127	60	12	12	NUM
dem-1059	127	61	59.70	59.70	NUM
dem-1059	127	62	10	10	NUM
dem-1059	127	63	var(1)-bmsv	var(1)-bmsv	NOUN
dem-1059	127	64	2	2	NUM
dem-1059	127	65	14	14	NUM
dem-1059	127	66	158.51	158.51	NUM
dem-1059	127	67	11	11	NUM
dem-1059	127	68	note	note	NOUN
dem-1059	127	69	:	:	PUNCT
dem-1059	127	70	the	the	DET
dem-1059	127	71	decimal	decimal	ADJ
dem-1059	127	72	logarithm	logarithm	NOUN
dem-1059	127	73	of	of	ADP
dem-1059	127	74	the	the	DET
dem-1059	127	75	bayes	bayes	NOUN
dem-1059	127	76	factors	factor	NOUN
dem-1059	127	77	were	be	AUX
dem-1059	127	78	calculated	calculate	VERB
dem-1059	127	79	using	use	VERB
dem-1059	127	80	the	the	DET
dem-1059	127	81	newton	newton	PROPN
dem-1059	127	82	and	and	CCONJ
dem-1059	127	83	raftery	raftery	PROPN
dem-1059	127	84	method	method	NOUN
dem-1059	127	85	(	(	PUNCT
dem-1059	127	86	see	see	VERB
dem-1059	127	87	newton	newton	PROPN
dem-1059	127	88	,	,	PUNCT
dem-1059	127	89	raftery	raftery	PROPN
dem-1059	127	90	,	,	PUNCT
dem-1059	127	91	1994	1994	NUM
dem-1059	127	92	)	)	PUNCT
dem-1059	127	93	.	.	PUNCT
dem-1059	128	1	only	only	ADV
dem-1059	128	2	the	the	DET
dem-1059	128	3	results	result	NOUN
dem-1059	128	4	for	for	ADP
dem-1059	128	5	the	the	DET
dem-1059	128	6	var(1)-msf	var(1)-msf	PROPN
dem-1059	128	7	-	-	PUNCT
dem-1059	128	8	sbekk	sbekk	ADJ
dem-1059	128	9	,	,	PUNCT
dem-1059	128	10	var(1)-msf	var(1)-msf	NOUN
dem-1059	128	11	and	and	CCONJ
dem-1059	128	12	var(1)-sbekk	var(1)-sbekk	PROPN
dem-1059	128	13	models	model	NOUN
dem-1059	128	14	are	be	AUX
dem-1059	128	15	new	new	ADJ
dem-1059	128	16	;	;	PUNCT
dem-1059	128	17	the	the	DET
dem-1059	128	18	remaining	remain	VERB
dem-1059	128	19	ones	one	NOUN
dem-1059	128	20	were	be	AUX
dem-1059	128	21	obtained	obtain	VERB
dem-1059	128	22	by	by	ADP
dem-1059	128	23	pajor	pajor	NOUN
dem-1059	128	24	(	(	PUNCT
dem-1059	128	25	2009	2009	NUM
dem-1059	128	26	)	)	PUNCT
dem-1059	128	27	.	.	PUNCT
dem-1059	129	1	anna	anna	PROPN
dem-1059	129	2	pajor	pajor	PROPN
dem-1059	129	3	48	48	NUM
dem-1059	129	4	in	in	ADP
dem-1059	129	5	the	the	DET
dem-1059	129	6	bivariate	bivariate	ADJ
dem-1059	129	7	case	case	NOUN
dem-1059	129	8	considered	consider	VERB
dem-1059	129	9	here	here	ADV
dem-1059	129	10	it	it	PRON
dem-1059	129	11	is	be	AUX
dem-1059	129	12	possible	possible	ADJ
dem-1059	129	13	to	to	PART
dem-1059	129	14	compare	compare	VERB
dem-1059	129	15	exact	exact	ADJ
dem-1059	129	16	and	and	CCONJ
dem-1059	129	17	approximate	approximate	ADJ
dem-1059	129	18	bayesian	bayesian	NOUN
dem-1059	129	19	results	result	NOUN
dem-1059	129	20	relate	relate	VERB
dem-1059	129	21	to	to	ADP
dem-1059	129	22	estimation	estimation	NOUN
dem-1059	129	23	of	of	ADP
dem-1059	129	24	the	the	DET
dem-1059	129	25	var(1)-msf	var(1)-msf	PROPN
dem-1059	129	26	-	-	PUNCT
dem-1059	129	27	sbekk	sbekk	ADJ
dem-1059	129	28	model	model	NOUN
dem-1059	129	29	.	.	PUNCT
dem-1059	130	1	thus	thus	ADV
dem-1059	130	2	,	,	PUNCT
dem-1059	130	3	in	in	ADP
dem-1059	130	4	tables	table	NOUN
dem-1059	130	5	1	1	NUM
dem-1059	130	6	we	we	PRON
dem-1059	130	7	present	present	VERB
dem-1059	130	8	the	the	DET
dem-1059	130	9	decimal	decimal	ADJ
dem-1059	130	10	logarithm	logarithm	NOUN
dem-1059	130	11	of	of	ADP
dem-1059	130	12	the	the	DET
dem-1059	130	13	bayes	bayes	NOUN
dem-1059	130	14	factor	factor	NOUN
dem-1059	130	15	for	for	ADP
dem-1059	130	16	both	both	DET
dem-1059	130	17	cases	case	NOUN
dem-1059	130	18	.	.	PUNCT
dem-1059	131	1	using	use	VERB
dem-1059	131	2	the	the	DET
dem-1059	131	3	approximate	approximate	ADJ
dem-1059	131	4	bayesian	bayesian	NOUN
dem-1059	131	5	approach	approach	NOUN
dem-1059	131	6	proposed	propose	VERB
dem-1059	131	7	by	by	ADP
dem-1059	131	8	osiewalski	osiewalski	PROPN
dem-1059	131	9	,	,	PUNCT
dem-1059	131	10	pajor	pajor	NOUN
dem-1059	131	11	(	(	PUNCT
dem-1059	131	12	2009	2009	NUM
dem-1059	131	13	)	)	PUNCT
dem-1059	131	14	leads	lead	VERB
dem-1059	131	15	to	to	ADP
dem-1059	131	16	smaller	small	ADJ
dem-1059	131	17	values	value	NOUN
dem-1059	131	18	of	of	ADP
dem-1059	131	19	the	the	DET
dem-1059	131	20	data	datum	NOUN
dem-1059	131	21	density	density	NOUN
dem-1059	131	22	,	,	PUNCT
dem-1059	131	23	but	but	CCONJ
dem-1059	131	24	it	it	PRON
dem-1059	131	25	seems	seem	VERB
dem-1059	131	26	that	that	SCONJ
dem-1059	131	27	the	the	DET
dem-1059	131	28	fit	fit	NOUN
dem-1059	131	29	does	do	AUX
dem-1059	131	30	not	not	PART
dem-1059	131	31	significantly	significantly	ADV
dem-1059	131	32	change	change	VERB
dem-1059	131	33	.	.	PUNCT
dem-1059	132	1	of	of	ADP
dem-1059	132	2	course	course	NOUN
dem-1059	132	3	,	,	PUNCT
dem-1059	132	4	our	our	PRON
dem-1059	132	5	model	model	NOUN
dem-1059	132	6	comparison	comparison	NOUN
dem-1059	132	7	relies	rely	VERB
dem-1059	132	8	on	on	ADP
dem-1059	132	9	the	the	DET
dem-1059	132	10	prior	prior	ADJ
dem-1059	132	11	distributions	distribution	NOUN
dem-1059	132	12	for	for	ADP
dem-1059	132	13	the	the	DET
dem-1059	132	14	parameters	parameter	NOUN
dem-1059	132	15	of	of	ADP
dem-1059	132	16	the	the	DET
dem-1059	132	17	models	model	NOUN
dem-1059	132	18	,	,	PUNCT
dem-1059	132	19	but	but	CCONJ
dem-1059	132	20	these	these	DET
dem-1059	132	21	prior	prior	ADJ
dem-1059	132	22	distributions	distribution	NOUN
dem-1059	132	23	are	be	AUX
dem-1059	132	24	not	not	PART
dem-1059	132	25	very	very	ADV
dem-1059	132	26	informative	informative	ADJ
dem-1059	132	27	.	.	PUNCT
dem-1059	133	1	3.1	3.1	NUM
dem-1059	133	2	.	.	PUNCT
dem-1059	134	1	predictive	predictive	ADJ
dem-1059	134	2	properties	property	NOUN
dem-1059	134	3	of	of	ADP
dem-1059	134	4	the	the	DET
dem-1059	134	5	msf	msf	PROPN
dem-1059	134	6	-	-	PUNCT
dem-1059	134	7	sbekk	sbekk	ADJ
dem-1059	134	8	models	model	NOUN
dem-1059	134	9	in	in	ADP
dem-1059	134	10	portfolio	portfolio	NOUN
dem-1059	134	11	selection	selection	NOUN
dem-1059	134	12	it	it	PRON
dem-1059	134	13	is	be	AUX
dem-1059	134	14	important	important	ADJ
dem-1059	134	15	to	to	PART
dem-1059	134	16	investigate	investigate	VERB
dem-1059	134	17	the	the	DET
dem-1059	134	18	predictive	predictive	ADJ
dem-1059	134	19	properties	property	NOUN
dem-1059	134	20	of	of	ADP
dem-1059	134	21	the	the	DET
dem-1059	134	22	msf	msf	PROPN
dem-1059	134	23	-	-	PUNCT
dem-1059	134	24	sbekk	sbekk	ADJ
dem-1059	134	25	model	model	NOUN
dem-1059	134	26	in	in	ADP
dem-1059	134	27	portfolio	portfolio	NOUN
dem-1059	134	28	selection	selection	NOUN
dem-1059	134	29	.	.	PUNCT
dem-1059	135	1	in	in	ADP
dem-1059	135	2	addition	addition	NOUN
dem-1059	135	3	,	,	PUNCT
dem-1059	135	4	we	we	PRON
dem-1059	135	5	can	can	AUX
dem-1059	135	6	examine	examine	VERB
dem-1059	135	7	how	how	SCONJ
dem-1059	135	8	the	the	DET
dem-1059	135	9	exact	exact	ADJ
dem-1059	135	10	and	and	CCONJ
dem-1059	135	11	approximate	approximate	ADJ
dem-1059	135	12	posterior	posterior	ADJ
dem-1059	135	13	results	result	NOUN
dem-1059	135	14	may	may	AUX
dem-1059	135	15	differ	differ	VERB
dem-1059	135	16	.	.	PUNCT
dem-1059	136	1	thus	thus	ADV
dem-1059	136	2	,	,	PUNCT
dem-1059	136	3	in	in	ADP
dem-1059	136	4	this	this	DET
dem-1059	136	5	section	section	NOUN
dem-1059	136	6	we	we	PRON
dem-1059	136	7	report	report	VERB
dem-1059	136	8	the	the	DET
dem-1059	136	9	results	result	NOUN
dem-1059	136	10	of	of	ADP
dem-1059	136	11	building	build	VERB
dem-1059	136	12	the	the	DET
dem-1059	136	13	optimal	optimal	ADJ
dem-1059	136	14	portfolios	portfolio	NOUN
dem-1059	136	15	using	use	VERB
dem-1059	136	16	the	the	DET
dem-1059	136	17	msf	msf	NOUN
dem-1059	136	18	-	-	PUNCT
dem-1059	136	19	sbekk	sbekk	ADJ
dem-1059	136	20	model	model	NOUN
dem-1059	136	21	.	.	PUNCT
dem-1059	137	1	we	we	PRON
dem-1059	137	2	consider	consider	VERB
dem-1059	137	3	the	the	DET
dem-1059	137	4	hypothetical	hypothetical	ADJ
dem-1059	137	5	portfolios	portfolio	NOUN
dem-1059	137	6	,	,	PUNCT
dem-1059	137	7	which	which	PRON
dem-1059	137	8	consist	consist	VERB
dem-1059	137	9	of	of	ADP
dem-1059	137	10	two	two	NUM
dem-1059	137	11	currencies	currency	NOUN
dem-1059	137	12	:	:	PUNCT
dem-1059	137	13	the	the	DET
dem-1059	137	14	us	us	PROPN
dem-1059	137	15	dollar	dollar	NOUN
dem-1059	137	16	and	and	CCONJ
dem-1059	137	17	euro	euro	NOUN
dem-1059	137	18	.	.	PUNCT
dem-1059	138	1	we	we	PRON
dem-1059	138	2	assume	assume	VERB
dem-1059	138	3	that	that	SCONJ
dem-1059	138	4	there	there	PRON
dem-1059	138	5	are	be	VERB
dem-1059	138	6	no	no	DET
dem-1059	138	7	transaction	transaction	NOUN
dem-1059	138	8	costs	cost	NOUN
dem-1059	138	9	and	and	CCONJ
dem-1059	138	10	that	that	SCONJ
dem-1059	138	11	we	we	PRON
dem-1059	138	12	may	may	AUX
dem-1059	138	13	reallocate	reallocate	VERB
dem-1059	138	14	zloty	zloty	NOUN
dem-1059	138	15	to	to	PART
dem-1059	138	16	long	long	ADV
dem-1059	138	17	as	as	ADV
dem-1059	138	18	well	well	ADV
dem-1059	138	19	as	as	ADP
dem-1059	138	20	to	to	ADP
dem-1059	138	21	short	short	ADJ
dem-1059	138	22	positions	position	NOUN
dem-1059	138	23	across	across	ADP
dem-1059	138	24	the	the	DET
dem-1059	138	25	currencies	currency	NOUN
dem-1059	138	26	.	.	PUNCT
dem-1059	139	1	allocation	allocation	NOUN
dem-1059	139	2	decisions	decision	NOUN
dem-1059	139	3	are	be	AUX
dem-1059	139	4	made	make	VERB
dem-1059	139	5	at	at	ADP
dem-1059	139	6	time	time	NOUN
dem-1059	139	7	t	t	PROPN
dem-1059	139	8	based	base	VERB
dem-1059	139	9	on	on	ADP
dem-1059	139	10	the	the	DET
dem-1059	139	11	predictive	predictive	ADJ
dem-1059	139	12	distribution	distribution	NOUN
dem-1059	139	13	for	for	ADP
dem-1059	139	14	yt+k	yt+k	PROPN
dem-1059	139	15	and	and	CCONJ
dem-1059	139	16	kt	kt	PROPN
dem-1059	139	17	σ	σ	PROPN
dem-1059	139	18	for	for	ADP
dem-1059	139	19	k	k	PROPN
dem-1059	139	20	=	=	PROPN
dem-1059	139	21	1	1	NUM
dem-1059	139	22	,	,	PUNCT
dem-1059	139	23	...	...	PUNCT
dem-1059	139	24	,	,	PUNCT
dem-1059	139	25	60	60	NUM
dem-1059	139	26	.	.	PUNCT
dem-1059	139	27	)	)	PUNCT
dem-1059	140	1	|	|	ADV
dem-1059	140	2	(	(	PUNCT
dem-1059	140	3	|,1	|,1	PROPN
dem-1059	140	4	,	,	PUNCT
dem-1059	140	5	ytstmvwp	ytstmvwp	PROPN
dem-1059	140	6			ADV
dem-1059	140	7	sjsv	sjsv	PROPN
dem-1059	140	8	tsveur_usd	tsveur_usd	PROPN
dem-1059	140	9	msf	msf	PROPN
dem-1059	140	10	-	-	PUNCT
dem-1059	140	11	sbekk	sbekk	ADJ
dem-1059	140	12	msf	msf	PROPN
dem-1059	140	13	-	-	NOUN
dem-1059	140	14	sbekk	sbekk	PROPN
dem-1059	140	15	with	with	ADP
dem-1059	140	16	app	app	PROPN
dem-1059	140	17	.	.	PUNCT
dem-1059	141	1	msf	msf	PROPN
dem-1059	141	2	sbekk	sbekk	PROPN
dem-1059	141	3	figure	figure	NOUN
dem-1059	141	4	1	1	NUM
dem-1059	141	5	.	.	PUNCT
dem-1059	142	1	quantiles	quantile	NOUN
dem-1059	142	2	of	of	ADP
dem-1059	142	3	the	the	DET
dem-1059	142	4	predictive	predictive	ADJ
dem-1059	142	5	distributions	distribution	NOUN
dem-1059	142	6	of	of	ADP
dem-1059	142	7	the	the	DET
dem-1059	142	8	minimum	minimum	ADJ
dem-1059	142	9	conditional	conditional	ADJ
dem-1059	142	10	variance	variance	NOUN
dem-1059	142	11	portfolios	portfolio	NOUN
dem-1059	142	12	(	(	PUNCT
dem-1059	142	13	the	the	DET
dem-1059	142	14	fractions	fraction	NOUN
dem-1059	142	15	of	of	ADP
dem-1059	142	16	wealth	wealth	NOUN
dem-1059	142	17	invested	invest	VERB
dem-1059	142	18	in	in	ADP
dem-1059	142	19	the	the	DET
dem-1059	142	20	us	us	PROPN
dem-1059	142	21	dollar	dollar	NOUN
dem-1059	142	22	)	)	PUNCT
dem-1059	142	23	.	.	PUNCT
dem-1059	143	1	the	the	DET
dem-1059	143	2	central	central	ADJ
dem-1059	143	3	black	black	ADJ
dem-1059	143	4	lines	line	NOUN
dem-1059	143	5	represent	represent	VERB
dem-1059	143	6	the	the	DET
dem-1059	143	7	medians	median	NOUN
dem-1059	143	8	,	,	PUNCT
dem-1059	143	9	and	and	CCONJ
dem-1059	143	10	the	the	DET
dem-1059	143	11	grey	grey	PROPN
dem-1059	143	12	lines	line	NOUN
dem-1059	143	13	represent	represent	VERB
dem-1059	143	14	the	the	DET
dem-1059	143	15	quantiles	quantile	NOUN
dem-1059	143	16	of	of	ADP
dem-1059	143	17	order	order	NOUN
dem-1059	143	18	0.05	0.05	NUM
dem-1059	143	19	,	,	PUNCT
dem-1059	143	20	0.25	0.25	NUM
dem-1059	143	21	,	,	PUNCT
dem-1059	143	22	0.75	0.75	NUM
dem-1059	143	23	,	,	PUNCT
dem-1059	143	24	0.95	0.95	NUM
dem-1059	143	25	,	,	PUNCT
dem-1059	143	26	respectively	respectively	ADV
dem-1059	143	27	-2	-2	NOUN
dem-1059	143	28	-1	-1	SYM
dem-1059	143	29	0	0	NUM
dem-1059	144	1	1	1	NUM
dem-1059	144	2	20	20	NUM
dem-1059	144	3	07	07	NUM
dem-1059	144	4	-0	-0	SYM
dem-1059	144	5	702	702	NUM
dem-1059	144	6	20	20	NUM
dem-1059	144	7	07	07	NUM
dem-1059	144	8	-0	-0	SYM
dem-1059	144	9	709	709	NUM
dem-1059	144	10	20	20	NUM
dem-1059	144	11	07	07	NUM
dem-1059	144	12	-0	-0	SYM
dem-1059	144	13	716	716	NUM
dem-1059	144	14	20	20	NUM
dem-1059	144	15	07	07	NUM
dem-1059	144	16	-0	-0	SYM
dem-1059	144	17	723	723	NUM
dem-1059	144	18	20	20	NUM
dem-1059	144	19	07	07	NUM
dem-1059	144	20	-0	-0	SYM
dem-1059	144	21	730	730	NUM
dem-1059	144	22	20	20	NUM
dem-1059	144	23	07	07	NUM
dem-1059	144	24	-0	-0	SYM
dem-1059	144	25	806	806	NUM
dem-1059	144	26	20	20	NUM
dem-1059	144	27	07	07	NUM
dem-1059	144	28	-0	-0	SYM
dem-1059	144	29	813	813	NUM
dem-1059	144	30	20	20	NUM
dem-1059	144	31	07	07	NUM
dem-1059	144	32	-0	-0	SYM
dem-1059	144	33	820	820	NUM
dem-1059	144	34	20	20	NUM
dem-1059	144	35	07	07	NUM
dem-1059	144	36	-0	-0	SYM
dem-1059	144	37	827	827	NUM
dem-1059	144	38	20	20	NUM
dem-1059	144	39	07	07	NUM
dem-1059	144	40	-0	-0	INTJ
dem-1059	144	41	903	903	NUM
dem-1059	144	42	20	20	NUM
dem-1059	144	43	07	07	NUM
dem-1059	144	44	-0	-0	SYM
dem-1059	144	45	910	910	NUM
dem-1059	144	46	20	20	NUM
dem-1059	144	47	07	07	NUM
dem-1059	144	48	-0	-0	SYM
dem-1059	144	49	917	917	NUM
dem-1059	144	50	20	20	NUM
dem-1059	144	51	07	07	NUM
dem-1059	144	52	-0	-0	SYM
dem-1059	144	53	924	924	NUM
dem-1059	144	54	-2	-2	NOUN
dem-1059	144	55	-1	-1	SYM
dem-1059	144	56	0	0	NUM
dem-1059	144	57	1	1	NUM
dem-1059	144	58	20	20	NUM
dem-1059	144	59	07	07	NUM
dem-1059	144	60	-0	-0	SYM
dem-1059	144	61	702	702	NUM
dem-1059	144	62	20	20	NUM
dem-1059	144	63	07	07	NUM
dem-1059	144	64	-0	-0	SYM
dem-1059	144	65	709	709	NUM
dem-1059	144	66	20	20	NUM
dem-1059	144	67	07	07	NUM
dem-1059	144	68	-0	-0	SYM
dem-1059	144	69	716	716	NUM
dem-1059	144	70	20	20	NUM
dem-1059	144	71	07	07	NUM
dem-1059	144	72	-0	-0	SYM
dem-1059	144	73	723	723	NUM
dem-1059	144	74	20	20	NUM
dem-1059	144	75	07	07	NUM
dem-1059	144	76	-0	-0	SYM
dem-1059	144	77	730	730	NUM
dem-1059	144	78	20	20	NUM
dem-1059	144	79	07	07	NUM
dem-1059	144	80	-0	-0	SYM
dem-1059	144	81	806	806	NUM
dem-1059	144	82	20	20	NUM
dem-1059	144	83	07	07	NUM
dem-1059	144	84	-0	-0	SYM
dem-1059	144	85	813	813	NUM
dem-1059	144	86	20	20	NUM
dem-1059	144	87	07	07	NUM
dem-1059	144	88	-0	-0	SYM
dem-1059	144	89	820	820	NUM
dem-1059	144	90	20	20	NUM
dem-1059	144	91	07	07	NUM
dem-1059	144	92	-0	-0	SYM
dem-1059	144	93	827	827	NUM
dem-1059	144	94	20	20	NUM
dem-1059	144	95	07	07	NUM
dem-1059	144	96	-0	-0	INTJ
dem-1059	144	97	903	903	NUM
dem-1059	144	98	20	20	NUM
dem-1059	144	99	07	07	NUM
dem-1059	144	100	-0	-0	SYM
dem-1059	144	101	910	910	NUM
dem-1059	144	102	20	20	NUM
dem-1059	144	103	07	07	NUM
dem-1059	144	104	-0	-0	SYM
dem-1059	144	105	917	917	NUM
dem-1059	144	106	20	20	NUM
dem-1059	144	107	07	07	NUM
dem-1059	144	108	-0	-0	SYM
dem-1059	144	109	924	924	NUM
dem-1059	144	110	-2	-2	NOUN
dem-1059	144	111	-1	-1	SYM
dem-1059	144	112	0	0	NUM
dem-1059	144	113	1	1	NUM
dem-1059	144	114	20	20	NUM
dem-1059	144	115	07	07	NUM
dem-1059	144	116	-0	-0	SYM
dem-1059	144	117	702	702	NUM
dem-1059	144	118	20	20	NUM
dem-1059	144	119	07	07	NUM
dem-1059	144	120	-0	-0	SYM
dem-1059	144	121	709	709	NUM
dem-1059	144	122	20	20	NUM
dem-1059	144	123	07	07	NUM
dem-1059	144	124	-0	-0	SYM
dem-1059	144	125	716	716	NUM
dem-1059	144	126	20	20	NUM
dem-1059	144	127	07	07	NUM
dem-1059	144	128	-0	-0	SYM
dem-1059	144	129	723	723	NUM
dem-1059	144	130	20	20	NUM
dem-1059	144	131	07	07	NUM
dem-1059	144	132	-0	-0	SYM
dem-1059	144	133	730	730	NUM
dem-1059	144	134	20	20	NUM
dem-1059	144	135	07	07	NUM
dem-1059	144	136	-0	-0	SYM
dem-1059	144	137	806	806	NUM
dem-1059	144	138	20	20	NUM
dem-1059	144	139	07	07	NUM
dem-1059	144	140	-0	-0	SYM
dem-1059	144	141	813	813	NUM
dem-1059	144	142	20	20	NUM
dem-1059	144	143	07	07	NUM
dem-1059	144	144	-0	-0	SYM
dem-1059	144	145	820	820	NUM
dem-1059	144	146	20	20	NUM
dem-1059	144	147	07	07	NUM
dem-1059	144	148	-0	-0	SYM
dem-1059	144	149	827	827	NUM
dem-1059	144	150	20	20	NUM
dem-1059	144	151	07	07	NUM
dem-1059	144	152	-0	-0	INTJ
dem-1059	144	153	903	903	NUM
dem-1059	144	154	20	20	NUM
dem-1059	144	155	07	07	NUM
dem-1059	144	156	-0	-0	SYM
dem-1059	144	157	910	910	NUM
dem-1059	144	158	20	20	NUM
dem-1059	144	159	07	07	NUM
dem-1059	144	160	-0	-0	SYM
dem-1059	144	161	917	917	NUM
dem-1059	144	162	20	20	NUM
dem-1059	144	163	07	07	NUM
dem-1059	144	164	-0	-0	SYM
dem-1059	144	165	924	924	NUM
dem-1059	144	166	-2	-2	NOUN
dem-1059	144	167	-1	-1	SYM
dem-1059	144	168	0	0	NUM
dem-1059	144	169	1	1	NUM
dem-1059	144	170	20	20	NUM
dem-1059	144	171	07	07	NUM
dem-1059	144	172	-0	-0	SYM
dem-1059	144	173	702	702	NUM
dem-1059	144	174	20	20	NUM
dem-1059	144	175	07	07	NUM
dem-1059	144	176	-0	-0	SYM
dem-1059	144	177	709	709	NUM
dem-1059	144	178	20	20	NUM
dem-1059	144	179	07	07	NUM
dem-1059	144	180	-0	-0	SYM
dem-1059	144	181	716	716	NUM
dem-1059	144	182	20	20	NUM
dem-1059	144	183	07	07	NUM
dem-1059	144	184	-0	-0	SYM
dem-1059	144	185	723	723	NUM
dem-1059	144	186	20	20	NUM
dem-1059	144	187	07	07	NUM
dem-1059	144	188	-0	-0	SYM
dem-1059	144	189	730	730	NUM
dem-1059	144	190	20	20	NUM
dem-1059	144	191	07	07	NUM
dem-1059	144	192	-0	-0	SYM
dem-1059	144	193	806	806	NUM
dem-1059	144	194	20	20	NUM
dem-1059	144	195	07	07	NUM
dem-1059	144	196	-0	-0	SYM
dem-1059	144	197	813	813	NUM
dem-1059	144	198	20	20	NUM
dem-1059	144	199	07	07	NUM
dem-1059	144	200	-0	-0	SYM
dem-1059	144	201	820	820	NUM
dem-1059	144	202	20	20	NUM
dem-1059	144	203	07	07	NUM
dem-1059	144	204	-0	-0	SYM
dem-1059	144	205	827	827	NUM
dem-1059	144	206	20	20	NUM
dem-1059	144	207	07	07	NUM
dem-1059	144	208	-0	-0	INTJ
dem-1059	144	209	903	903	NUM
dem-1059	144	210	20	20	NUM
dem-1059	144	211	07	07	NUM
dem-1059	144	212	-0	-0	SYM
dem-1059	144	213	910	910	NUM
dem-1059	144	214	20	20	NUM
dem-1059	144	215	07	07	NUM
dem-1059	144	216	-0	-0	SYM
dem-1059	144	217	917	917	NUM
dem-1059	144	218	20	20	NUM
dem-1059	144	219	07	07	NUM
dem-1059	144	220	-0	-0	SYM
dem-1059	144	221	924	924	NUM
dem-1059	144	222	-2	-2	NOUN
dem-1059	144	223	-1	-1	SYM
dem-1059	144	224	0	0	NUM
dem-1059	144	225	1	1	NUM
dem-1059	144	226	20	20	NUM
dem-1059	144	227	07	07	NUM
dem-1059	144	228	-0	-0	SYM
dem-1059	144	229	702	702	NUM
dem-1059	144	230	20	20	NUM
dem-1059	144	231	07	07	NUM
dem-1059	144	232	-0	-0	SYM
dem-1059	144	233	709	709	NUM
dem-1059	144	234	20	20	NUM
dem-1059	144	235	07	07	NUM
dem-1059	144	236	-0	-0	SYM
dem-1059	144	237	716	716	NUM
dem-1059	144	238	20	20	NUM
dem-1059	144	239	07	07	NUM
dem-1059	144	240	-0	-0	SYM
dem-1059	144	241	723	723	NUM
dem-1059	144	242	20	20	NUM
dem-1059	144	243	07	07	NUM
dem-1059	144	244	-0	-0	SYM
dem-1059	144	245	730	730	NUM
dem-1059	144	246	20	20	NUM
dem-1059	144	247	07	07	NUM
dem-1059	144	248	-0	-0	SYM
dem-1059	144	249	806	806	NUM
dem-1059	144	250	20	20	NUM
dem-1059	144	251	07	07	NUM
dem-1059	144	252	-0	-0	SYM
dem-1059	144	253	813	813	NUM
dem-1059	144	254	20	20	NUM
dem-1059	144	255	07	07	NUM
dem-1059	144	256	-0	-0	SYM
dem-1059	144	257	820	820	NUM
dem-1059	144	258	20	20	NUM
dem-1059	144	259	07	07	NUM
dem-1059	144	260	-0	-0	SYM
dem-1059	144	261	827	827	NUM
dem-1059	144	262	20	20	NUM
dem-1059	144	263	07	07	NUM
dem-1059	144	264	-0	-0	INTJ
dem-1059	144	265	903	903	NUM
dem-1059	144	266	20	20	NUM
dem-1059	144	267	07	07	NUM
dem-1059	144	268	-0	-0	SYM
dem-1059	144	269	910	910	NUM
dem-1059	144	270	20	20	NUM
dem-1059	144	271	07	07	NUM
dem-1059	144	272	-0	-0	SYM
dem-1059	144	273	917	917	NUM
dem-1059	144	274	20	20	NUM
dem-1059	144	275	07	07	NUM
dem-1059	144	276	-0	-0	SYM
dem-1059	144	277	924	924	NUM
dem-1059	144	278	-2	-2	NOUN
dem-1059	144	279	-1	-1	SYM
dem-1059	144	280	0	0	NUM
dem-1059	144	281	1	1	NUM
dem-1059	144	282	20	20	NUM
dem-1059	144	283	07	07	NUM
dem-1059	144	284	-0	-0	SYM
dem-1059	144	285	702	702	NUM
dem-1059	144	286	20	20	NUM
dem-1059	144	287	07	07	NUM
dem-1059	144	288	-0	-0	SYM
dem-1059	144	289	709	709	NUM
dem-1059	144	290	20	20	NUM
dem-1059	144	291	07	07	NUM
dem-1059	144	292	-0	-0	SYM
dem-1059	144	293	716	716	NUM
dem-1059	144	294	20	20	NUM
dem-1059	144	295	07	07	NUM
dem-1059	144	296	-0	-0	SYM
dem-1059	144	297	723	723	NUM
dem-1059	144	298	20	20	NUM
dem-1059	144	299	07	07	NUM
dem-1059	144	300	-0	-0	SYM
dem-1059	144	301	730	730	NUM
dem-1059	144	302	20	20	NUM
dem-1059	144	303	07	07	NUM
dem-1059	144	304	-0	-0	SYM
dem-1059	144	305	806	806	NUM
dem-1059	144	306	20	20	NUM
dem-1059	144	307	07	07	NUM
dem-1059	144	308	-0	-0	SYM
dem-1059	144	309	813	813	NUM
dem-1059	144	310	20	20	NUM
dem-1059	144	311	07	07	NUM
dem-1059	144	312	-0	-0	SYM
dem-1059	144	313	820	820	NUM
dem-1059	144	314	20	20	NUM
dem-1059	144	315	07	07	NUM
dem-1059	144	316	-0	-0	SYM
dem-1059	144	317	827	827	NUM
dem-1059	144	318	20	20	NUM
dem-1059	144	319	07	07	NUM
dem-1059	144	320	-0	-0	INTJ
dem-1059	144	321	903	903	NUM
dem-1059	144	322	20	20	NUM
dem-1059	144	323	07	07	NUM
dem-1059	144	324	-0	-0	SYM
dem-1059	144	325	910	910	NUM
dem-1059	144	326	20	20	NUM
dem-1059	144	327	07	07	NUM
dem-1059	144	328	-0	-0	SYM
dem-1059	144	329	917	917	NUM
dem-1059	144	330	20	20	NUM
dem-1059	144	331	07	07	NUM
dem-1059	144	332	-0	-0	SYM
dem-1059	144	333	924	924	NUM
dem-1059	144	334	bayesian	bayesian	NOUN
dem-1059	144	335	optimal	optimal	ADJ
dem-1059	144	336	portfolio	portfolio	NOUN
dem-1059	144	337	selection	selection	NOUN
dem-1059	144	338	in	in	ADP
dem-1059	144	339	the	the	DET
dem-1059	144	340	msf	msf	NOUN
dem-1059	144	341	-	-	PUNCT
dem-1059	144	342	sbekk	sbekk	ADJ
dem-1059	144	343	model	model	NOUN
dem-1059	144	344	49	49	NUM
dem-1059	144	345	in	in	ADP
dem-1059	144	346	figure	figure	NOUN
dem-1059	144	347	1	1	NUM
dem-1059	144	348	we	we	PRON
dem-1059	144	349	show	show	VERB
dem-1059	144	350	the	the	DET
dem-1059	144	351	quantiles	quantile	NOUN
dem-1059	144	352	of	of	ADP
dem-1059	144	353	the	the	DET
dem-1059	144	354	predictive	predictive	ADJ
dem-1059	144	355	distributions	distribution	NOUN
dem-1059	144	356	of	of	ADP
dem-1059	144	357	the	the	DET
dem-1059	144	358	minimum	minimum	ADJ
dem-1059	144	359	conditional	conditional	ADJ
dem-1059	144	360	variance	variance	NOUN
dem-1059	144	361	portfolio	portfolio	NOUN
dem-1059	144	362	sttmvw	sttmvw	PROPN
dem-1059	144	363	|,1	|,1	PROPN
dem-1059	144	364	,	,	PUNCT
dem-1059	144	365	(	(	PUNCT
dem-1059	144	366	the	the	DET
dem-1059	144	367	fraction	fraction	NOUN
dem-1059	144	368	of	of	ADP
dem-1059	144	369	wealth	wealth	NOUN
dem-1059	144	370	invested	invest	VERB
dem-1059	144	371	in	in	ADP
dem-1059	144	372	the	the	DET
dem-1059	144	373	us	us	PROPN
dem-1059	144	374	dollar	dollar	NOUN
dem-1059	144	375	)	)	PUNCT
dem-1059	144	376	.	.	PUNCT
dem-1059	145	1	if	if	SCONJ
dem-1059	145	2	the	the	DET
dem-1059	145	3	medians	median	NOUN
dem-1059	145	4	of	of	ADP
dem-1059	145	5	the	the	DET
dem-1059	145	6	marginal	marginal	ADJ
dem-1059	145	7	predictive	predictive	ADJ
dem-1059	145	8	distributions	distribution	NOUN
dem-1059	145	9	are	be	AUX
dem-1059	145	10	treated	treat	VERB
dem-1059	145	11	as	as	ADP
dem-1059	145	12	point	point	NOUN
dem-1059	145	13	forecasts	forecast	NOUN
dem-1059	145	14	,	,	PUNCT
dem-1059	145	15	in	in	ADP
dem-1059	145	16	model	model	NOUN
dem-1059	145	17	with	with	ADP
dem-1059	145	18	time	time	NOUN
dem-1059	145	19	-	-	PUNCT
dem-1059	145	20	varying	vary	VERB
dem-1059	145	21	conditional	conditional	ADJ
dem-1059	145	22	correlation	correlation	NOUN
dem-1059	145	23	coefficient	coefficient	VERB
dem-1059	145	24	the	the	DET
dem-1059	145	25	optimum	optimum	ADJ
dem-1059	145	26	weights	weight	NOUN
dem-1059	145	27	to	to	PART
dem-1059	145	28	invest	invest	VERB
dem-1059	145	29	in	in	ADP
dem-1059	145	30	the	the	DET
dem-1059	145	31	usd	usd	PROPN
dem-1059	145	32	/	/	SYM
dem-1059	145	33	pln	pln	PROPN
dem-1059	145	34	are	be	AUX
dem-1059	145	35	negative	negative	ADJ
dem-1059	145	36	,	,	PUNCT
dem-1059	145	37	indicating	indicate	VERB
dem-1059	145	38	the	the	DET
dem-1059	145	39	short	short	ADJ
dem-1059	145	40	sale	sale	NOUN
dem-1059	145	41	of	of	ADP
dem-1059	145	42	the	the	DET
dem-1059	145	43	us	us	PROPN
dem-1059	145	44	dollar	dollar	NOUN
dem-1059	145	45	(	(	PUNCT
dem-1059	145	46	the	the	DET
dem-1059	145	47	median	median	NOUN
dem-1059	145	48	of	of	ADP
dem-1059	145	49	the	the	DET
dem-1059	145	50	marginal	marginal	ADJ
dem-1059	145	51	predictive	predictive	ADJ
dem-1059	145	52	distribution	distribution	NOUN
dem-1059	145	53	of	of	ADP
dem-1059	145	54	sttmvw	sttmvw	PROPN
dem-1059	145	55	|,1	|,1	PROPN
dem-1059	145	56	,	,	PUNCT
dem-1059	145	57	is	be	AUX
dem-1059	145	58	equal	equal	ADJ
dem-1059	145	59	to	to	ADP
dem-1059	145	60	about	about	ADP
dem-1059	145	61	-0.4	-0.4	NUM
dem-1059	145	62	in	in	ADP
dem-1059	145	63	the	the	DET
dem-1059	145	64	most	most	ADV
dem-1059	145	65	probable	probable	ADJ
dem-1059	145	66	a	a	DET
dem-1059	145	67	posterior	posterior	ADJ
dem-1059	145	68	model	model	NOUN
dem-1059	145	69	,	,	PUNCT
dem-1059	145	70	and	and	CCONJ
dem-1059	145	71	about	about	ADV
dem-1059	145	72	-0.22	-0.22	NUM
dem-1059	145	73	in	in	ADP
dem-1059	145	74	the	the	DET
dem-1059	145	75	var(1)-msf	var(1)-msf	PROPN
dem-1059	145	76	-	-	PUNCT
dem-1059	145	77	sbekk	sbekk	ADJ
dem-1059	145	78	model	model	NOUN
dem-1059	145	79	)	)	PUNCT
dem-1059	145	80	.	.	PUNCT
dem-1059	146	1	the	the	DET
dem-1059	146	2	short	short	ADJ
dem-1059	146	3	position	position	NOUN
dem-1059	146	4	on	on	ADP
dem-1059	146	5	the	the	DET
dem-1059	146	6	us	us	PROPN
dem-1059	146	7	dollar	dollar	NOUN
dem-1059	146	8	is	be	AUX
dem-1059	146	9	connected	connect	VERB
dem-1059	146	10	with	with	ADP
dem-1059	146	11	corresponding	correspond	VERB
dem-1059	146	12	long	long	ADJ
dem-1059	146	13	position	position	NOUN
dem-1059	146	14	on	on	ADP
dem-1059	146	15	the	the	DET
dem-1059	146	16	euro	euro	NOUN
dem-1059	146	17	.	.	PUNCT
dem-1059	147	1	we	we	PRON
dem-1059	147	2	see	see	VERB
dem-1059	147	3	that	that	SCONJ
dem-1059	147	4	in	in	ADP
dem-1059	147	5	var(1)-msv	var(1)-msv	NOUN
dem-1059	147	6	models	model	NOUN
dem-1059	147	7	with	with	ADP
dem-1059	147	8	more	more	ADJ
dem-1059	147	9	than	than	ADP
dem-1059	147	10	one	one	NUM
dem-1059	147	11	latent	latent	NOUN
dem-1059	147	12	process	process	NOUN
dem-1059	147	13	the	the	DET
dem-1059	147	14	predictive	predictive	ADJ
dem-1059	147	15	distributions	distribution	NOUN
dem-1059	147	16	are	be	AUX
dem-1059	147	17	very	very	ADV
dem-1059	147	18	widely	widely	ADV
dem-1059	147	19	dispersed	disperse	VERB
dem-1059	147	20	and	and	CCONJ
dem-1059	147	21	fat	fat	ADJ
dem-1059	147	22	-	-	PUNCT
dem-1059	147	23	tailed	tailed	ADJ
dem-1059	147	24	,	,	PUNCT
dem-1059	147	25	thus	thus	ADV
dem-1059	147	26	leaving	leave	VERB
dem-1059	147	27	us	we	PRON
dem-1059	147	28	with	with	ADP
dem-1059	147	29	considerable	considerable	ADJ
dem-1059	147	30	uncertainty	uncertainty	NOUN
dem-1059	147	31	about	about	ADP
dem-1059	147	32	the	the	DET
dem-1059	147	33	future	future	ADJ
dem-1059	147	34	returns	return	NOUN
dem-1059	147	35	of	of	ADP
dem-1059	147	36	these	these	DET
dem-1059	147	37	portfolios	portfolio	NOUN
dem-1059	147	38	.	.	PUNCT
dem-1059	148	1	surprisingly	surprisingly	ADV
dem-1059	148	2	,	,	PUNCT
dem-1059	148	3	in	in	ADP
dem-1059	148	4	the	the	DET
dem-1059	148	5	var(1)-msv	var(1)-msv	NOUN
dem-1059	148	6	models	model	NOUN
dem-1059	148	7	with	with	ADP
dem-1059	148	8	one	one	NUM
dem-1059	148	9	latent	latent	NOUN
dem-1059	148	10	process	process	NOUN
dem-1059	148	11	or	or	CCONJ
dem-1059	148	12	in	in	ADP
dem-1059	148	13	the	the	DET
dem-1059	148	14	var(1)-sbekk	var(1)-sbekk	PROPN
dem-1059	148	15	model	model	NOUN
dem-1059	148	16	the	the	DET
dem-1059	148	17	minimum	minimum	ADJ
dem-1059	148	18	conditional	conditional	ADJ
dem-1059	148	19	variance	variance	NOUN
dem-1059	148	20	portfolios	portfolio	NOUN
dem-1059	148	21	are	be	AUX
dem-1059	148	22	estimated	estimate	VERB
dem-1059	148	23	more	more	ADV
dem-1059	148	24	precisely	precisely	ADV
dem-1059	148	25	–	–	PUNCT
dem-1059	148	26	the	the	DET
dem-1059	148	27	inter	inter	ADJ
dem-1059	148	28	-	-	ADJ
dem-1059	148	29	quartile	quartile	ADJ
dem-1059	148	30	ranges	range	NOUN
dem-1059	148	31	are	be	AUX
dem-1059	148	32	relatively	relatively	ADV
dem-1059	148	33	small	small	ADJ
dem-1059	148	34	.	.	PUNCT
dem-1059	149	1	it	it	PRON
dem-1059	149	2	seams	seam	VERB
dem-1059	149	3	that	that	SCONJ
dem-1059	149	4	the	the	DET
dem-1059	149	5	var(1)-msf	var(1)-msf	PROPN
dem-1059	149	6	-	-	PUNCT
dem-1059	149	7	sbekk	sbekk	NOUN
dem-1059	149	8	and	and	CCONJ
dem-1059	149	9	var(1)-sbekk	var(1)-sbekk	PROPN
dem-1059	149	10	models	model	NOUN
dem-1059	149	11	produce	produce	VERB
dem-1059	149	12	portfolios	portfolio	NOUN
dem-1059	149	13	with	with	ADP
dem-1059	149	14	lowest	low	ADJ
dem-1059	149	15	risk	risk	NOUN
dem-1059	149	16	measured	measure	VERB
dem-1059	149	17	by	by	ADP
dem-1059	149	18	the	the	DET
dem-1059	149	19	conditional	conditional	ADJ
dem-1059	149	20	variance	variance	NOUN
dem-1059	149	21	(	(	PUNCT
dem-1059	149	22	see	see	VERB
dem-1059	149	23	figure	figure	NOUN
dem-1059	149	24	2	2	NUM
dem-1059	149	25	)	)	PUNCT
dem-1059	149	26	.	.	PUNCT
dem-1059	150	1	note	note	VERB
dem-1059	150	2	that	that	SCONJ
dem-1059	150	3	the	the	DET
dem-1059	150	4	predictive	predictive	ADJ
dem-1059	150	5	distributions	distribution	NOUN
dem-1059	150	6	of	of	ADP
dem-1059	150	7	sttmvw	sttmvw	PROPN
dem-1059	150	8	|,1	|,1	PROPN
dem-1059	150	9	,	,	PUNCT
dem-1059	150	10	for	for	ADP
dem-1059	150	11	s	s	NOUN
dem-1059	150	12	=	=	SYM
dem-1059	150	13	1	1	NUM
dem-1059	150	14	,	,	PUNCT
dem-1059	150	15	...	...	PUNCT
dem-1059	150	16	,	,	PUNCT
dem-1059	150	17	60	60	NUM
dem-1059	150	18	produced	produce	VERB
dem-1059	150	19	by	by	ADP
dem-1059	150	20	the	the	DET
dem-1059	150	21	var(1)-msf	var(1)-msf	PROPN
dem-1059	150	22	-	-	PUNCT
dem-1059	150	23	sbekk	sbekk	ADJ
dem-1059	150	24	model	model	NOUN
dem-1059	150	25	are	be	AUX
dem-1059	150	26	located	locate	VERB
dem-1059	150	27	in	in	ADP
dem-1059	150	28	areas	area	NOUN
dem-1059	150	29	of	of	ADP
dem-1059	150	30	high	high	ADJ
dem-1059	150	31	predictive	predictive	ADJ
dem-1059	150	32	densities	density	NOUN
dem-1059	150	33	obtained	obtain	VERB
dem-1059	150	34	in	in	ADP
dem-1059	150	35	the	the	DET
dem-1059	150	36	best	good	ADJ
dem-1059	150	37	model	model	NOUN
dem-1059	150	38	(	(	PUNCT
dem-1059	150	39	i.e.	i.e.	X
dem-1059	150	40	var(1)-sjsv	var(1)-sjsv	NOUN
dem-1059	150	41	)	)	PUNCT
dem-1059	150	42	.	.	PUNCT
dem-1059	150	43	)	)	PUNCT
dem-1059	151	1	|	|	ADV
dem-1059	151	2	(	(	PUNCT
dem-1059	151	3	|	|	ADV
dem-1059	151	4	,	,	PUNCT
dem-1059	151	5	ytstmvvp	ytstmvvp	NOUN
dem-1059	151	6			ADV
dem-1059	151	7	sjsv	sjsv	PROPN
dem-1059	151	8	tsveur_usd	tsveur_usd	PROPN
dem-1059	151	9	msf	msf	PROPN
dem-1059	151	10	-	-	PUNCT
dem-1059	151	11	sbekk	sbekk	ADJ
dem-1059	151	12	msf	msf	PROPN
dem-1059	151	13	-	-	NOUN
dem-1059	151	14	sbekk	sbekk	PROPN
dem-1059	151	15	with	with	ADP
dem-1059	151	16	app	app	PROPN
dem-1059	151	17	.	.	PUNCT
dem-1059	152	1	msf	msf	PROPN
dem-1059	152	2	sbekk	sbekk	PROPN
dem-1059	152	3	figure	figure	NOUN
dem-1059	152	4	2	2	NUM
dem-1059	152	5	.	.	PUNCT
dem-1059	153	1	quantiles	quantile	NOUN
dem-1059	153	2	of	of	ADP
dem-1059	153	3	the	the	DET
dem-1059	153	4	predictive	predictive	ADJ
dem-1059	153	5	distributions	distribution	NOUN
dem-1059	153	6	of	of	ADP
dem-1059	153	7	the	the	DET
dem-1059	153	8	conditional	conditional	ADJ
dem-1059	153	9	standard	standard	ADJ
dem-1059	153	10	deviation	deviation	NOUN
dem-1059	153	11	of	of	ADP
dem-1059	153	12	the	the	DET
dem-1059	153	13	minimum	minimum	ADJ
dem-1059	153	14	conditional	conditional	ADJ
dem-1059	153	15	variance	variance	NOUN
dem-1059	153	16	portfolios	portfolio	NOUN
dem-1059	153	17	.	.	PUNCT
dem-1059	154	1	the	the	DET
dem-1059	154	2	central	central	ADJ
dem-1059	154	3	black	black	ADJ
dem-1059	154	4	lines	line	NOUN
dem-1059	154	5	represent	represent	VERB
dem-1059	154	6	the	the	DET
dem-1059	154	7	medians	median	NOUN
dem-1059	154	8	,	,	PUNCT
dem-1059	154	9	and	and	CCONJ
dem-1059	154	10	the	the	DET
dem-1059	154	11	grey	grey	PROPN
dem-1059	154	12	lines	line	NOUN
dem-1059	154	13	represent	represent	VERB
dem-1059	154	14	the	the	DET
dem-1059	154	15	quantiles	quantile	NOUN
dem-1059	154	16	of	of	ADP
dem-1059	154	17	order	order	NOUN
dem-1059	154	18	0.05	0.05	NUM
dem-1059	154	19	,	,	PUNCT
dem-1059	154	20	0.25	0.25	NUM
dem-1059	154	21	,	,	PUNCT
dem-1059	154	22	0.75	0.75	NUM
dem-1059	154	23	,	,	PUNCT
dem-1059	154	24	0.95	0.95	NUM
dem-1059	154	25	,	,	PUNCT
dem-1059	154	26	respectively	respectively	ADV
dem-1059	154	27	0	0	NUM
dem-1059	154	28	0.5	0.5	NUM
dem-1059	154	29	1	1	NUM
dem-1059	154	30	1.5	1.5	NUM
dem-1059	154	31	2	2	NUM
dem-1059	154	32	2.5	2.5	NUM
dem-1059	154	33	3	3	NUM
dem-1059	154	34	3.5	3.5	NUM
dem-1059	154	35	4	4	NUM
dem-1059	154	36	20	20	NUM
dem-1059	154	37	07	07	NUM
dem-1059	154	38	-0	-0	SYM
dem-1059	154	39	702	702	NUM
dem-1059	154	40	20	20	NUM
dem-1059	154	41	07	07	NUM
dem-1059	154	42	-0	-0	SYM
dem-1059	154	43	709	709	NUM
dem-1059	154	44	20	20	NUM
dem-1059	154	45	07	07	NUM
dem-1059	154	46	-0	-0	SYM
dem-1059	154	47	716	716	NUM
dem-1059	154	48	20	20	NUM
dem-1059	154	49	07	07	NUM
dem-1059	154	50	-0	-0	SYM
dem-1059	154	51	723	723	NUM
dem-1059	154	52	20	20	NUM
dem-1059	154	53	07	07	NUM
dem-1059	154	54	-0	-0	SYM
dem-1059	154	55	730	730	NUM
dem-1059	154	56	20	20	NUM
dem-1059	154	57	07	07	NUM
dem-1059	154	58	-0	-0	SYM
dem-1059	154	59	806	806	NUM
dem-1059	154	60	20	20	NUM
dem-1059	154	61	07	07	NUM
dem-1059	154	62	-0	-0	SYM
dem-1059	154	63	813	813	NUM
dem-1059	154	64	20	20	NUM
dem-1059	154	65	07	07	NUM
dem-1059	154	66	-0	-0	SYM
dem-1059	154	67	820	820	NUM
dem-1059	154	68	20	20	NUM
dem-1059	154	69	07	07	NUM
dem-1059	154	70	-0	-0	SYM
dem-1059	154	71	827	827	NUM
dem-1059	154	72	20	20	NUM
dem-1059	154	73	07	07	NUM
dem-1059	154	74	-0	-0	INTJ
dem-1059	154	75	903	903	NUM
dem-1059	154	76	20	20	NUM
dem-1059	154	77	07	07	NUM
dem-1059	154	78	-0	-0	SYM
dem-1059	154	79	910	910	NUM
dem-1059	154	80	20	20	NUM
dem-1059	154	81	07	07	NUM
dem-1059	154	82	-0	-0	SYM
dem-1059	154	83	917	917	NUM
dem-1059	154	84	20	20	NUM
dem-1059	154	85	07	07	NUM
dem-1059	154	86	-0	-0	SYM
dem-1059	154	87	924	924	NUM
dem-1059	154	88	0	0	NUM
dem-1059	154	89	0.5	0.5	NUM
dem-1059	154	90	1	1	NUM
dem-1059	154	91	1.5	1.5	NUM
dem-1059	154	92	2	2	NUM
dem-1059	154	93	2.5	2.5	NUM
dem-1059	154	94	3	3	NUM
dem-1059	154	95	3.5	3.5	NUM
dem-1059	154	96	4	4	NUM
dem-1059	154	97	20	20	NUM
dem-1059	154	98	07	07	NUM
dem-1059	154	99	-0	-0	SYM
dem-1059	154	100	702	702	NUM
dem-1059	154	101	20	20	NUM
dem-1059	154	102	07	07	NUM
dem-1059	154	103	-0	-0	SYM
dem-1059	154	104	709	709	NUM
dem-1059	154	105	20	20	NUM
dem-1059	154	106	07	07	NUM
dem-1059	154	107	-0	-0	SYM
dem-1059	154	108	716	716	NUM
dem-1059	154	109	20	20	NUM
dem-1059	154	110	07	07	NUM
dem-1059	154	111	-0	-0	SYM
dem-1059	154	112	723	723	NUM
dem-1059	154	113	20	20	NUM
dem-1059	154	114	07	07	NUM
dem-1059	154	115	-0	-0	SYM
dem-1059	154	116	730	730	NUM
dem-1059	154	117	20	20	NUM
dem-1059	154	118	07	07	NUM
dem-1059	154	119	-0	-0	SYM
dem-1059	154	120	806	806	NUM
dem-1059	154	121	20	20	NUM
dem-1059	154	122	07	07	NUM
dem-1059	154	123	-0	-0	SYM
dem-1059	154	124	813	813	NUM
dem-1059	154	125	20	20	NUM
dem-1059	154	126	07	07	NUM
dem-1059	154	127	-0	-0	SYM
dem-1059	154	128	820	820	NUM
dem-1059	154	129	20	20	NUM
dem-1059	154	130	07	07	NUM
dem-1059	154	131	-0	-0	SYM
dem-1059	154	132	827	827	NUM
dem-1059	154	133	20	20	NUM
dem-1059	154	134	07	07	NUM
dem-1059	154	135	-0	-0	INTJ
dem-1059	154	136	903	903	NUM
dem-1059	154	137	20	20	NUM
dem-1059	154	138	07	07	NUM
dem-1059	154	139	-0	-0	SYM
dem-1059	154	140	910	910	NUM
dem-1059	154	141	20	20	NUM
dem-1059	154	142	07	07	NUM
dem-1059	154	143	-0	-0	SYM
dem-1059	154	144	917	917	NUM
dem-1059	154	145	20	20	NUM
dem-1059	154	146	07	07	NUM
dem-1059	154	147	-0	-0	SYM
dem-1059	154	148	924	924	NUM
dem-1059	154	149	0	0	NUM
dem-1059	154	150	0.5	0.5	NUM
dem-1059	154	151	1	1	NUM
dem-1059	154	152	1.5	1.5	NUM
dem-1059	154	153	2	2	NUM
dem-1059	154	154	2.5	2.5	NUM
dem-1059	154	155	3	3	NUM
dem-1059	154	156	3.5	3.5	NUM
dem-1059	154	157	4	4	NUM
dem-1059	154	158	20	20	NUM
dem-1059	154	159	07	07	NUM
dem-1059	154	160	-0	-0	SYM
dem-1059	154	161	702	702	NUM
dem-1059	154	162	20	20	NUM
dem-1059	154	163	07	07	NUM
dem-1059	154	164	-0	-0	SYM
dem-1059	154	165	709	709	NUM
dem-1059	154	166	20	20	NUM
dem-1059	154	167	07	07	NUM
dem-1059	154	168	-0	-0	SYM
dem-1059	154	169	716	716	NUM
dem-1059	154	170	20	20	NUM
dem-1059	154	171	07	07	NUM
dem-1059	154	172	-0	-0	SYM
dem-1059	154	173	723	723	NUM
dem-1059	154	174	20	20	NUM
dem-1059	154	175	07	07	NUM
dem-1059	154	176	-0	-0	SYM
dem-1059	154	177	730	730	NUM
dem-1059	154	178	20	20	NUM
dem-1059	154	179	07	07	NUM
dem-1059	154	180	-0	-0	SYM
dem-1059	154	181	806	806	NUM
dem-1059	154	182	20	20	NUM
dem-1059	154	183	07	07	NUM
dem-1059	154	184	-0	-0	SYM
dem-1059	154	185	813	813	NUM
dem-1059	154	186	20	20	NUM
dem-1059	154	187	07	07	NUM
dem-1059	154	188	-0	-0	SYM
dem-1059	154	189	820	820	NUM
dem-1059	154	190	20	20	NUM
dem-1059	154	191	07	07	NUM
dem-1059	154	192	-0	-0	SYM
dem-1059	154	193	827	827	NUM
dem-1059	154	194	20	20	NUM
dem-1059	154	195	07	07	NUM
dem-1059	154	196	-0	-0	INTJ
dem-1059	154	197	903	903	NUM
dem-1059	154	198	20	20	NUM
dem-1059	154	199	07	07	NUM
dem-1059	154	200	-0	-0	SYM
dem-1059	154	201	910	910	NUM
dem-1059	154	202	20	20	NUM
dem-1059	154	203	07	07	NUM
dem-1059	154	204	-0	-0	SYM
dem-1059	154	205	917	917	NUM
dem-1059	154	206	20	20	NUM
dem-1059	154	207	07	07	NUM
dem-1059	154	208	-0	-0	SYM
dem-1059	154	209	924	924	NUM
dem-1059	154	210	0	0	NUM
dem-1059	154	211	0.5	0.5	NUM
dem-1059	154	212	1	1	NUM
dem-1059	154	213	1.5	1.5	NUM
dem-1059	154	214	2	2	NUM
dem-1059	154	215	2.5	2.5	NUM
dem-1059	154	216	3	3	NUM
dem-1059	154	217	3.5	3.5	NUM
dem-1059	154	218	4	4	NUM
dem-1059	154	219	20	20	NUM
dem-1059	154	220	07	07	NUM
dem-1059	154	221	-0	-0	SYM
dem-1059	154	222	702	702	NUM
dem-1059	154	223	20	20	NUM
dem-1059	154	224	07	07	NUM
dem-1059	154	225	-0	-0	SYM
dem-1059	154	226	709	709	NUM
dem-1059	154	227	20	20	NUM
dem-1059	154	228	07	07	NUM
dem-1059	154	229	-0	-0	SYM
dem-1059	154	230	716	716	NUM
dem-1059	154	231	20	20	NUM
dem-1059	154	232	07	07	NUM
dem-1059	154	233	-0	-0	SYM
dem-1059	154	234	723	723	NUM
dem-1059	154	235	20	20	NUM
dem-1059	154	236	07	07	NUM
dem-1059	154	237	-0	-0	SYM
dem-1059	154	238	730	730	NUM
dem-1059	154	239	20	20	NUM
dem-1059	154	240	07	07	NUM
dem-1059	154	241	-0	-0	SYM
dem-1059	154	242	806	806	NUM
dem-1059	154	243	20	20	NUM
dem-1059	154	244	07	07	NUM
dem-1059	154	245	-0	-0	SYM
dem-1059	154	246	813	813	NUM
dem-1059	154	247	20	20	NUM
dem-1059	154	248	07	07	NUM
dem-1059	154	249	-0	-0	SYM
dem-1059	154	250	820	820	NUM
dem-1059	154	251	20	20	NUM
dem-1059	154	252	07	07	NUM
dem-1059	154	253	-0	-0	SYM
dem-1059	154	254	827	827	NUM
dem-1059	154	255	20	20	NUM
dem-1059	154	256	07	07	NUM
dem-1059	154	257	-0	-0	INTJ
dem-1059	154	258	903	903	NUM
dem-1059	154	259	20	20	NUM
dem-1059	154	260	07	07	NUM
dem-1059	154	261	-0	-0	SYM
dem-1059	154	262	910	910	NUM
dem-1059	154	263	20	20	NUM
dem-1059	154	264	07	07	NUM
dem-1059	154	265	-0	-0	SYM
dem-1059	154	266	917	917	NUM
dem-1059	154	267	20	20	NUM
dem-1059	154	268	07	07	NUM
dem-1059	154	269	-0	-0	SYM
dem-1059	154	270	924	924	NUM
dem-1059	154	271	0	0	NUM
dem-1059	154	272	0.5	0.5	NUM
dem-1059	154	273	1	1	NUM
dem-1059	154	274	1.5	1.5	NUM
dem-1059	154	275	2	2	NUM
dem-1059	154	276	2.5	2.5	NUM
dem-1059	154	277	3	3	NUM
dem-1059	154	278	3.5	3.5	NUM
dem-1059	154	279	4	4	NUM
dem-1059	154	280	20	20	NUM
dem-1059	154	281	07	07	NUM
dem-1059	154	282	-0	-0	SYM
dem-1059	154	283	702	702	NUM
dem-1059	154	284	20	20	NUM
dem-1059	154	285	07	07	NUM
dem-1059	154	286	-0	-0	SYM
dem-1059	154	287	709	709	NUM
dem-1059	154	288	20	20	NUM
dem-1059	154	289	07	07	NUM
dem-1059	154	290	-0	-0	SYM
dem-1059	154	291	716	716	NUM
dem-1059	154	292	20	20	NUM
dem-1059	154	293	07	07	NUM
dem-1059	154	294	-0	-0	SYM
dem-1059	154	295	723	723	NUM
dem-1059	154	296	20	20	NUM
dem-1059	154	297	07	07	NUM
dem-1059	154	298	-0	-0	SYM
dem-1059	154	299	730	730	NUM
dem-1059	154	300	20	20	NUM
dem-1059	154	301	07	07	NUM
dem-1059	154	302	-0	-0	SYM
dem-1059	154	303	806	806	NUM
dem-1059	154	304	20	20	NUM
dem-1059	154	305	07	07	NUM
dem-1059	154	306	-0	-0	SYM
dem-1059	154	307	813	813	NUM
dem-1059	154	308	20	20	NUM
dem-1059	154	309	07	07	NUM
dem-1059	154	310	-0	-0	SYM
dem-1059	154	311	820	820	NUM
dem-1059	154	312	20	20	NUM
dem-1059	154	313	07	07	NUM
dem-1059	154	314	-0	-0	SYM
dem-1059	154	315	827	827	NUM
dem-1059	154	316	20	20	NUM
dem-1059	154	317	07	07	NUM
dem-1059	154	318	-0	-0	INTJ
dem-1059	154	319	903	903	NUM
dem-1059	154	320	20	20	NUM
dem-1059	154	321	07	07	NUM
dem-1059	154	322	-0	-0	SYM
dem-1059	154	323	910	910	NUM
dem-1059	154	324	20	20	NUM
dem-1059	154	325	07	07	NUM
dem-1059	154	326	-0	-0	SYM
dem-1059	154	327	917	917	NUM
dem-1059	154	328	20	20	NUM
dem-1059	154	329	07	07	NUM
dem-1059	154	330	-0	-0	SYM
dem-1059	154	331	924	924	NUM
dem-1059	154	332	0	0	NUM
dem-1059	154	333	0.5	0.5	NUM
dem-1059	154	334	1	1	NUM
dem-1059	154	335	1.5	1.5	NUM
dem-1059	154	336	2	2	NUM
dem-1059	154	337	2.5	2.5	NUM
dem-1059	154	338	3	3	NUM
dem-1059	154	339	3.5	3.5	NUM
dem-1059	154	340	4	4	NUM
dem-1059	154	341	20	20	NUM
dem-1059	154	342	07	07	NUM
dem-1059	154	343	-0	-0	SYM
dem-1059	154	344	702	702	NUM
dem-1059	154	345	20	20	NUM
dem-1059	154	346	07	07	NUM
dem-1059	154	347	-0	-0	SYM
dem-1059	154	348	709	709	NUM
dem-1059	154	349	20	20	NUM
dem-1059	154	350	07	07	NUM
dem-1059	154	351	-0	-0	SYM
dem-1059	154	352	716	716	NUM
dem-1059	154	353	20	20	NUM
dem-1059	154	354	07	07	NUM
dem-1059	154	355	-0	-0	SYM
dem-1059	154	356	723	723	NUM
dem-1059	154	357	20	20	NUM
dem-1059	154	358	07	07	NUM
dem-1059	154	359	-0	-0	SYM
dem-1059	154	360	730	730	NUM
dem-1059	154	361	20	20	NUM
dem-1059	154	362	07	07	NUM
dem-1059	154	363	-0	-0	SYM
dem-1059	154	364	806	806	NUM
dem-1059	154	365	20	20	NUM
dem-1059	154	366	07	07	NUM
dem-1059	154	367	-0	-0	SYM
dem-1059	154	368	813	813	NUM
dem-1059	154	369	20	20	NUM
dem-1059	154	370	07	07	NUM
dem-1059	154	371	-0	-0	SYM
dem-1059	154	372	820	820	NUM
dem-1059	154	373	20	20	NUM
dem-1059	154	374	07	07	NUM
dem-1059	154	375	-0	-0	SYM
dem-1059	154	376	827	827	NUM
dem-1059	154	377	20	20	NUM
dem-1059	154	378	07	07	NUM
dem-1059	154	379	-0	-0	INTJ
dem-1059	154	380	903	903	NUM
dem-1059	154	381	20	20	NUM
dem-1059	154	382	07	07	NUM
dem-1059	154	383	-0	-0	SYM
dem-1059	154	384	910	910	NUM
dem-1059	154	385	20	20	NUM
dem-1059	154	386	07	07	NUM
dem-1059	154	387	-0	-0	SYM
dem-1059	154	388	917	917	NUM
dem-1059	154	389	20	20	NUM
dem-1059	154	390	07	07	NUM
dem-1059	154	391	-0	-0	SYM
dem-1059	154	392	924	924	NUM
dem-1059	154	393	anna	anna	NOUN
dem-1059	154	394	pajor	pajor	NOUN
dem-1059	154	395	50	50	NUM
dem-1059	154	396	as	as	ADP
dem-1059	154	397	in	in	ADP
dem-1059	154	398	pajor	pajor	NOUN
dem-1059	154	399	(	(	PUNCT
dem-1059	154	400	2009	2009	NUM
dem-1059	154	401	)	)	PUNCT
dem-1059	154	402	we	we	PRON
dem-1059	154	403	can	can	AUX
dem-1059	154	404	see	see	VERB
dem-1059	154	405	that	that	SCONJ
dem-1059	154	406	the	the	DET
dem-1059	154	407	predictive	predictive	ADJ
dem-1059	154	408	distributions	distribution	NOUN
dem-1059	154	409	related	relate	VERB
dem-1059	154	410	to	to	ADP
dem-1059	154	411	the	the	DET
dem-1059	154	412	portfolio	portfolio	NOUN
dem-1059	154	413	with	with	ADP
dem-1059	154	414	bound	bind	VERB
dem-1059	154	415	on	on	ADP
dem-1059	154	416	return	return	NOUN
dem-1059	154	417	are	be	AUX
dem-1059	154	418	more	more	ADV
dem-1059	154	419	diffuse	diffuse	ADJ
dem-1059	154	420	–	–	PUNCT
dem-1059	154	421	the	the	DET
dem-1059	154	422	inter	inter	ADJ
dem-1059	154	423	-	-	ADJ
dem-1059	154	424	quartile	quartile	ADJ
dem-1059	154	425	ranges	range	NOUN
dem-1059	154	426	are	be	AUX
dem-1059	154	427	higher	high	ADJ
dem-1059	154	428	(	(	PUNCT
dem-1059	154	429	see	see	VERB
dem-1059	154	430	figure	figure	NOUN
dem-1059	154	431	3	3	NUM
dem-1059	154	432	and	and	CCONJ
dem-1059	154	433	4	4	NUM
dem-1059	154	434	)	)	PUNCT
dem-1059	154	435	.	.	PUNCT
dem-1059	155	1	comparing	compare	VERB
dem-1059	155	2	the	the	DET
dem-1059	155	3	minimum	minimum	ADJ
dem-1059	155	4	conditional	conditional	ADJ
dem-1059	155	5	variance	variance	NOUN
dem-1059	155	6	portfolio	portfolio	NOUN
dem-1059	155	7	and	and	CCONJ
dem-1059	155	8	the	the	DET
dem-1059	155	9	minimum	minimum	ADJ
dem-1059	155	10	conditional	conditional	ADJ
dem-1059	155	11	variance	variance	NOUN
dem-1059	155	12	portfolio	portfolio	NOUN
dem-1059	155	13	with	with	ADP
dem-1059	155	14	the	the	DET
dem-1059	155	15	return	return	NOUN
dem-1059	155	16	equal	equal	ADJ
dem-1059	155	17	to	to	ADP
dem-1059	155	18	at	at	ADV
dem-1059	155	19	least	least	ADV
dem-1059	155	20	5	5	NUM
dem-1059	155	21	%	%	NOUN
dem-1059	155	22	,	,	PUNCT
dem-1059	155	23	we	we	PRON
dem-1059	155	24	can	can	AUX
dem-1059	155	25	see	see	VERB
dem-1059	155	26	that	that	SCONJ
dem-1059	155	27	the	the	DET
dem-1059	155	28	distributions	distribution	NOUN
dem-1059	155	29	of	of	ADP
dem-1059	155	30	the	the	DET
dem-1059	155	31	forecasted	forecast	VERB
dem-1059	155	32	value	value	NOUN
dem-1059	155	33	of	of	ADP
dem-1059	155	34	sttmvrp	sttmvrp	NOUN
dem-1059	155	35	w	w	NOUN
dem-1059	155	36	|	|	NOUN
dem-1059	155	37	,	,	PUNCT
dem-1059	155	38	*	*	PUNCT
dem-1059	155	39	and	and	CCONJ
dem-1059	155	40	sttmvrp	sttmvrp	VERB
dem-1059	155	41	v	v	ADP
dem-1059	155	42	|	|	NOUN
dem-1059	155	43	,	,	PUNCT
dem-1059	155	44	*	*	PUNCT
dem-1059	155	45	are	be	AUX
dem-1059	155	46	more	more	ADV
dem-1059	155	47	dispersed	disperse	VERB
dem-1059	155	48	and	and	CCONJ
dem-1059	155	49	have	have	VERB
dem-1059	155	50	very	very	ADV
dem-1059	155	51	thick	thick	ADJ
dem-1059	155	52	tails	tail	NOUN
dem-1059	155	53	.	.	PUNCT
dem-1059	156	1	thus	thus	ADV
dem-1059	156	2	uncertainty	uncertainty	NOUN
dem-1059	156	3	connected	connect	VERB
dem-1059	156	4	with	with	ADP
dem-1059	156	5	the	the	DET
dem-1059	156	6	optimal	optimal	ADJ
dem-1059	156	7	portfolio	portfolio	NOUN
dem-1059	156	8	with	with	ADP
dem-1059	156	9	return	return	NOUN
dem-1059	156	10	at	at	ADV
dem-1059	156	11	least	least	ADV
dem-1059	156	12	5	5	NUM
dem-1059	156	13	%	%	NOUN
dem-1059	156	14	on	on	ADP
dem-1059	156	15	annual	annual	ADJ
dem-1059	156	16	base	base	NOUN
dem-1059	156	17	is	be	AUX
dem-1059	156	18	huge	huge	ADJ
dem-1059	156	19	.	.	PUNCT
dem-1059	157	1	in	in	ADP
dem-1059	157	2	all	all	DET
dem-1059	157	3	models	model	NOUN
dem-1059	157	4	the	the	DET
dem-1059	157	5	quantiles	quantile	NOUN
dem-1059	157	6	of	of	ADP
dem-1059	157	7	the	the	DET
dem-1059	157	8	conditional	conditional	ADJ
dem-1059	157	9	standard	standard	ADJ
dem-1059	157	10	deviation	deviation	NOUN
dem-1059	157	11	of	of	ADP
dem-1059	157	12	the	the	DET
dem-1059	157	13	optimal	optimal	ADJ
dem-1059	157	14	portfolios	portfolio	NOUN
dem-1059	157	15	(	(	PUNCT
dem-1059	157	16	see	see	VERB
dem-1059	157	17	figure	figure	NOUN
dem-1059	157	18	4	4	NUM
dem-1059	157	19	)	)	PUNCT
dem-1059	157	20	indicate	indicate	VERB
dem-1059	157	21	increasing	increase	VERB
dem-1059	157	22	volatility	volatility	NOUN
dem-1059	157	23	with	with	ADP
dem-1059	157	24	the	the	DET
dem-1059	157	25	forecast	forecast	NOUN
dem-1059	157	26	horizon	horizon	NOUN
dem-1059	157	27	.	.	PUNCT
dem-1059	157	28	)	)	PUNCT
dem-1059	158	1	|	|	ADV
dem-1059	158	2	(	(	PUNCT
dem-1059	158	3	|,1	|,1	PROPN
dem-1059	158	4	,	,	PUNCT
dem-1059	158	5	*	*	PUNCT
dem-1059	158	6	y	y	PROPN
dem-1059	158	7	tstpmvr	tstpmvr	PROPN
dem-1059	158	8	wp	wp	PROPN
dem-1059	158	9			PROPN
dem-1059	158	10	sjsv	sjsv	PROPN
dem-1059	158	11	tsveur_usd	tsveur_usd	PROPN
dem-1059	158	12	msf	msf	PROPN
dem-1059	158	13	-	-	PUNCT
dem-1059	158	14	sbekk	sbekk	ADJ
dem-1059	158	15	msf	msf	PROPN
dem-1059	158	16	-	-	NOUN
dem-1059	158	17	sbekk	sbekk	PROPN
dem-1059	158	18	with	with	ADP
dem-1059	158	19	app	app	PROPN
dem-1059	158	20	.	.	PUNCT
dem-1059	159	1	msf	msf	PROPN
dem-1059	159	2	sbekk	sbekk	PROPN
dem-1059	159	3	figure	figure	NOUN
dem-1059	159	4	3	3	X
dem-1059	159	5	.	.	PUNCT
dem-1059	160	1	quantiles	quantile	NOUN
dem-1059	160	2	of	of	ADP
dem-1059	160	3	the	the	DET
dem-1059	160	4	predictive	predictive	ADJ
dem-1059	160	5	distributions	distribution	NOUN
dem-1059	160	6	of	of	ADP
dem-1059	160	7	the	the	DET
dem-1059	160	8	minimum	minimum	ADJ
dem-1059	160	9	conditional	conditional	ADJ
dem-1059	160	10	variance	variance	NOUN
dem-1059	160	11	portfolios	portfolio	NOUN
dem-1059	160	12	with	with	ADP
dem-1059	160	13	the	the	DET
dem-1059	160	14	return	return	NOUN
dem-1059	160	15	equal	equal	ADJ
dem-1059	160	16	to	to	ADP
dem-1059	160	17	at	at	ADV
dem-1059	160	18	least	least	ADV
dem-1059	160	19	5	5	NUM
dem-1059	160	20	%	%	NOUN
dem-1059	160	21	on	on	ADP
dem-1059	160	22	annual	annual	ADJ
dem-1059	160	23	base	base	NOUN
dem-1059	160	24	(	(	PUNCT
dem-1059	160	25	the	the	DET
dem-1059	160	26	fraction	fraction	NOUN
dem-1059	160	27	of	of	ADP
dem-1059	160	28	wealth	wealth	NOUN
dem-1059	160	29	invested	invest	VERB
dem-1059	160	30	in	in	ADP
dem-1059	160	31	the	the	DET
dem-1059	160	32	us	us	PROPN
dem-1059	160	33	dollar	dollar	NOUN
dem-1059	160	34	)	)	PUNCT
dem-1059	160	35	.	.	PUNCT
dem-1059	161	1	the	the	DET
dem-1059	161	2	central	central	ADJ
dem-1059	161	3	black	black	ADJ
dem-1059	161	4	lines	line	NOUN
dem-1059	161	5	represent	represent	VERB
dem-1059	161	6	the	the	DET
dem-1059	161	7	medians	median	NOUN
dem-1059	161	8	,	,	PUNCT
dem-1059	161	9	and	and	CCONJ
dem-1059	161	10	the	the	DET
dem-1059	161	11	grey	grey	PROPN
dem-1059	161	12	lines	line	NOUN
dem-1059	161	13	represent	represent	VERB
dem-1059	161	14	the	the	DET
dem-1059	161	15	quantiles	quantile	NOUN
dem-1059	161	16	of	of	ADP
dem-1059	161	17	order	order	NOUN
dem-1059	161	18	0.05	0.05	NUM
dem-1059	161	19	,	,	PUNCT
dem-1059	161	20	0.25	0.25	NUM
dem-1059	161	21	,	,	PUNCT
dem-1059	161	22	0.75	0.75	NUM
dem-1059	161	23	,	,	PUNCT
dem-1059	161	24	0.95	0.95	NUM
dem-1059	161	25	,	,	PUNCT
dem-1059	161	26	respectively	respectively	ADV
dem-1059	161	27	finally	finally	ADV
dem-1059	161	28	,	,	PUNCT
dem-1059	161	29	as	as	ADP
dem-1059	161	30	in	in	ADP
dem-1059	161	31	pajor	pajor	NOUN
dem-1059	161	32	(	(	PUNCT
dem-1059	161	33	2009	2009	NUM
dem-1059	161	34	)	)	PUNCT
dem-1059	161	35	we	we	PRON
dem-1059	161	36	use	use	VERB
dem-1059	161	37	the	the	DET
dem-1059	161	38	medians	median	NOUN
dem-1059	161	39	of	of	ADP
dem-1059	161	40	tstmvrp	tstmvrp	NOUN
dem-1059	161	41	w	w	ADP
dem-1059	161	42	|,1	|,1	PROPN
dem-1059	161	43	,	,	PUNCT
dem-1059	161	44	*	*	PUNCT
dem-1059	161	45			ADJ
dem-1059	161	46	to	to	PART
dem-1059	161	47	construct	construct	VERB
dem-1059	161	48	hypothetical	hypothetical	ADJ
dem-1059	161	49	portfolios	portfolio	NOUN
dem-1059	161	50	for	for	ADP
dem-1059	161	51	s	s	NOUN
dem-1059	161	52	=	=	SYM
dem-1059	161	53	1	1	NUM
dem-1059	161	54	,	,	PUNCT
dem-1059	161	55	2	2	NUM
dem-1059	161	56	,	,	PUNCT
dem-1059	161	57	..	..	PUNCT
dem-1059	161	58	,	,	PUNCT
dem-1059	161	59	60	60	NUM
dem-1059	161	60	.	.	PUNCT
dem-1059	162	1	let	let	VERB
dem-1059	162	2	wt	wt	PROPN
dem-1059	162	3	=	=	SYM
dem-1059	162	4	10000	10000	NUM
dem-1059	162	5	pln	pln	NOUN
dem-1059	162	6	be	be	VERB
dem-1059	162	7	the	the	DET
dem-1059	162	8	initial	initial	ADJ
dem-1059	162	9	wealth	wealth	NOUN
dem-1059	162	10	of	of	ADP
dem-1059	162	11	the	the	DET
dem-1059	162	12	investor	investor	NOUN
dem-1059	162	13	at	at	ADP
dem-1059	162	14	time	time	NOUN
dem-1059	162	15	t	t	PROPN
dem-1059	162	16	(	(	PUNCT
dem-1059	162	17	on	on	ADP
dem-1059	162	18	june	june	PROPN
dem-1059	162	19	29	29	NUM
dem-1059	162	20	,	,	PUNCT
dem-1059	162	21	2007	2007	NUM
dem-1059	162	22	)	)	PUNCT
dem-1059	162	23	.	.	PUNCT
dem-1059	163	1	if	if	SCONJ
dem-1059	163	2	we	we	PRON
dem-1059	163	3	assume	assume	VERB
dem-1059	163	4	that	that	SCONJ
dem-1059	163	5	there	there	PRON
dem-1059	163	6	are	be	VERB
dem-1059	163	7	no	no	DET
dem-1059	163	8	transaction	transaction	NOUN
dem-1059	163	9	costs	cost	NOUN
dem-1059	163	10	and	and	CCONJ
dem-1059	163	11	the	the	DET
dem-1059	163	12	investor	investor	NOUN
dem-1059	163	13	uses	use	VERB
dem-1059	163	14	the	the	DET
dem-1059	163	15	median	median	NOUN
dem-1059	163	16	of	of	ADP
dem-1059	163	17	the	the	DET
dem-1059	163	18	predictive	predictive	ADJ
dem-1059	163	19	distribution	distribution	NOUN
dem-1059	163	20	of	of	ADP
dem-1059	163	21	tstmvrp	tstmvrp	NOUN
dem-1059	163	22	|	|	NOUN
dem-1059	163	23	,	,	PUNCT
dem-1059	163	24	*	*	PUNCT
dem-1059	163	25			PROPN
dem-1059	163	26	w	w	X
dem-1059	163	27	(	(	PUNCT
dem-1059	163	28	denoted	denote	VERB
dem-1059	163	29	by	by	ADP
dem-1059	163	30	op	op	NOUN
dem-1059	163	31	tstmvrp	tstmvrp	NOUN
dem-1059	163	32	w	w	ADP
dem-1059	163	33	|,1	|,1	PROPN
dem-1059	163	34	,	,	PUNCT
dem-1059	163	35	*	*	PUNCT
dem-1059	163	36			PROPN
dem-1059	163	37	)	)	PUNCT
dem-1059	163	38	to	to	PART
dem-1059	163	39	construct	construct	VERB
dem-1059	163	40	optimal	optimal	ADJ
dem-1059	163	41	portfolio	portfolio	NOUN
dem-1059	163	42	,	,	PUNCT
dem-1059	163	43	then	then	ADV
dem-1059	163	44	the	the	DET
dem-1059	163	45	investor	investor	NOUN
dem-1059	163	46	’s	’s	PART
dem-1059	163	47	wealth	wealth	NOUN
dem-1059	163	48	at	at	ADP
dem-1059	163	49	time	time	NOUN
dem-1059	163	50	t+s	t+s	NUM
dem-1059	163	51	is	be	AUX
dem-1059	163	52	given	give	VERB
dem-1059	163	53	by	by	ADP
dem-1059	163	54	:	:	PUNCT
dem-1059	163	55	-7	-7	INTJ
dem-1059	164	1	-6	-6	INTJ
dem-1059	164	2	-5	-5	INTJ
dem-1059	164	3	-4	-4	INTJ
dem-1059	164	4	-3	-3	INTJ
dem-1059	164	5	-2	-2	INTJ
dem-1059	165	1	-1	-1	SYM
dem-1059	165	2	0	0	NUM
dem-1059	166	1	1	1	NUM
dem-1059	166	2	2	2	NUM
dem-1059	166	3	3	3	NUM
dem-1059	166	4	4	4	NUM
dem-1059	166	5	5	5	NUM
dem-1059	166	6	6	6	NUM
dem-1059	166	7	7	7	NUM
dem-1059	166	8	20	20	NUM
dem-1059	166	9	07	07	NUM
dem-1059	166	10	-0	-0	SYM
dem-1059	166	11	702	702	NUM
dem-1059	166	12	20	20	NUM
dem-1059	166	13	07	07	NUM
dem-1059	166	14	-0	-0	SYM
dem-1059	166	15	709	709	NUM
dem-1059	166	16	20	20	NUM
dem-1059	166	17	07	07	NUM
dem-1059	166	18	-0	-0	SYM
dem-1059	166	19	716	716	NUM
dem-1059	166	20	20	20	NUM
dem-1059	166	21	07	07	NUM
dem-1059	166	22	-0	-0	SYM
dem-1059	166	23	723	723	NUM
dem-1059	166	24	20	20	NUM
dem-1059	166	25	07	07	NUM
dem-1059	166	26	-0	-0	SYM
dem-1059	166	27	730	730	NUM
dem-1059	166	28	20	20	NUM
dem-1059	166	29	07	07	NUM
dem-1059	166	30	-0	-0	SYM
dem-1059	166	31	806	806	NUM
dem-1059	166	32	20	20	NUM
dem-1059	166	33	07	07	NUM
dem-1059	166	34	-0	-0	SYM
dem-1059	166	35	813	813	NUM
dem-1059	166	36	20	20	NUM
dem-1059	166	37	07	07	NUM
dem-1059	166	38	-0	-0	SYM
dem-1059	166	39	820	820	NUM
dem-1059	166	40	20	20	NUM
dem-1059	166	41	07	07	NUM
dem-1059	166	42	-0	-0	SYM
dem-1059	166	43	827	827	NUM
dem-1059	166	44	20	20	NUM
dem-1059	166	45	07	07	NUM
dem-1059	166	46	-0	-0	INTJ
dem-1059	166	47	903	903	NUM
dem-1059	166	48	20	20	NUM
dem-1059	166	49	07	07	NUM
dem-1059	166	50	-0	-0	SYM
dem-1059	166	51	910	910	NUM
dem-1059	166	52	20	20	NUM
dem-1059	166	53	07	07	NUM
dem-1059	166	54	-0	-0	SYM
dem-1059	166	55	917	917	NUM
dem-1059	166	56	20	20	NUM
dem-1059	166	57	07	07	NUM
dem-1059	166	58	-0	-0	SYM
dem-1059	166	59	924	924	NUM
dem-1059	166	60	-7	-7	NOUN
dem-1059	167	1	-6	-6	INTJ
dem-1059	167	2	-5	-5	INTJ
dem-1059	167	3	-4	-4	INTJ
dem-1059	167	4	-3	-3	INTJ
dem-1059	167	5	-2	-2	INTJ
dem-1059	168	1	-1	-1	SYM
dem-1059	168	2	0	0	NUM
dem-1059	169	1	1	1	NUM
dem-1059	169	2	2	2	NUM
dem-1059	169	3	3	3	NUM
dem-1059	169	4	4	4	NUM
dem-1059	169	5	5	5	NUM
dem-1059	169	6	6	6	NUM
dem-1059	169	7	7	7	NUM
dem-1059	169	8	20	20	NUM
dem-1059	169	9	07	07	NUM
dem-1059	169	10	-0	-0	SYM
dem-1059	169	11	702	702	NUM
dem-1059	169	12	20	20	NUM
dem-1059	169	13	07	07	NUM
dem-1059	169	14	-0	-0	SYM
dem-1059	169	15	709	709	NUM
dem-1059	169	16	20	20	NUM
dem-1059	169	17	07	07	NUM
dem-1059	169	18	-0	-0	SYM
dem-1059	169	19	716	716	NUM
dem-1059	169	20	20	20	NUM
dem-1059	169	21	07	07	NUM
dem-1059	169	22	-0	-0	SYM
dem-1059	169	23	723	723	NUM
dem-1059	169	24	20	20	NUM
dem-1059	169	25	07	07	NUM
dem-1059	169	26	-0	-0	SYM
dem-1059	169	27	730	730	NUM
dem-1059	169	28	20	20	NUM
dem-1059	169	29	07	07	NUM
dem-1059	169	30	-0	-0	SYM
dem-1059	169	31	806	806	NUM
dem-1059	169	32	20	20	NUM
dem-1059	169	33	07	07	NUM
dem-1059	169	34	-0	-0	SYM
dem-1059	169	35	813	813	NUM
dem-1059	169	36	20	20	NUM
dem-1059	169	37	07	07	NUM
dem-1059	169	38	-0	-0	SYM
dem-1059	169	39	820	820	NUM
dem-1059	169	40	20	20	NUM
dem-1059	169	41	07	07	NUM
dem-1059	169	42	-0	-0	SYM
dem-1059	169	43	827	827	NUM
dem-1059	169	44	20	20	NUM
dem-1059	169	45	07	07	NUM
dem-1059	169	46	-0	-0	INTJ
dem-1059	169	47	903	903	NUM
dem-1059	169	48	20	20	NUM
dem-1059	169	49	07	07	NUM
dem-1059	169	50	-0	-0	SYM
dem-1059	169	51	910	910	NUM
dem-1059	169	52	20	20	NUM
dem-1059	169	53	07	07	NUM
dem-1059	169	54	-0	-0	SYM
dem-1059	169	55	917	917	NUM
dem-1059	169	56	20	20	NUM
dem-1059	169	57	07	07	NUM
dem-1059	169	58	-0	-0	SYM
dem-1059	169	59	924	924	NUM
dem-1059	169	60	-7	-7	NOUN
dem-1059	170	1	-6	-6	INTJ
dem-1059	170	2	-5	-5	INTJ
dem-1059	170	3	-4	-4	INTJ
dem-1059	170	4	-3	-3	INTJ
dem-1059	170	5	-2	-2	INTJ
dem-1059	171	1	-1	-1	SYM
dem-1059	171	2	0	0	NUM
dem-1059	172	1	1	1	NUM
dem-1059	172	2	2	2	NUM
dem-1059	172	3	3	3	NUM
dem-1059	172	4	4	4	NUM
dem-1059	172	5	5	5	NUM
dem-1059	172	6	6	6	NUM
dem-1059	172	7	7	7	NUM
dem-1059	172	8	20	20	NUM
dem-1059	172	9	07	07	NUM
dem-1059	172	10	-0	-0	SYM
dem-1059	172	11	702	702	NUM
dem-1059	172	12	20	20	NUM
dem-1059	172	13	07	07	NUM
dem-1059	172	14	-0	-0	SYM
dem-1059	172	15	709	709	NUM
dem-1059	172	16	20	20	NUM
dem-1059	172	17	07	07	NUM
dem-1059	172	18	-0	-0	SYM
dem-1059	172	19	716	716	NUM
dem-1059	172	20	20	20	NUM
dem-1059	172	21	07	07	NUM
dem-1059	172	22	-0	-0	SYM
dem-1059	172	23	723	723	NUM
dem-1059	172	24	20	20	NUM
dem-1059	172	25	07	07	NUM
dem-1059	172	26	-0	-0	SYM
dem-1059	172	27	730	730	NUM
dem-1059	172	28	20	20	NUM
dem-1059	172	29	07	07	NUM
dem-1059	172	30	-0	-0	SYM
dem-1059	172	31	806	806	NUM
dem-1059	172	32	20	20	NUM
dem-1059	172	33	07	07	NUM
dem-1059	172	34	-0	-0	SYM
dem-1059	172	35	813	813	NUM
dem-1059	172	36	20	20	NUM
dem-1059	172	37	07	07	NUM
dem-1059	172	38	-0	-0	SYM
dem-1059	172	39	820	820	NUM
dem-1059	172	40	20	20	NUM
dem-1059	172	41	07	07	NUM
dem-1059	172	42	-0	-0	SYM
dem-1059	172	43	827	827	NUM
dem-1059	172	44	20	20	NUM
dem-1059	172	45	07	07	NUM
dem-1059	172	46	-0	-0	INTJ
dem-1059	172	47	903	903	NUM
dem-1059	172	48	20	20	NUM
dem-1059	172	49	07	07	NUM
dem-1059	172	50	-0	-0	SYM
dem-1059	172	51	910	910	NUM
dem-1059	172	52	20	20	NUM
dem-1059	172	53	07	07	NUM
dem-1059	172	54	-0	-0	SYM
dem-1059	172	55	917	917	NUM
dem-1059	172	56	20	20	NUM
dem-1059	172	57	07	07	NUM
dem-1059	172	58	-0	-0	SYM
dem-1059	172	59	924	924	NUM
dem-1059	172	60	-7	-7	NOUN
dem-1059	173	1	-6	-6	INTJ
dem-1059	173	2	-5	-5	INTJ
dem-1059	173	3	-4	-4	INTJ
dem-1059	173	4	-3	-3	INTJ
dem-1059	173	5	-2	-2	INTJ
dem-1059	174	1	-1	-1	SYM
dem-1059	174	2	0	0	NUM
dem-1059	175	1	1	1	NUM
dem-1059	175	2	2	2	NUM
dem-1059	175	3	3	3	NUM
dem-1059	175	4	4	4	NUM
dem-1059	175	5	5	5	NUM
dem-1059	175	6	6	6	NUM
dem-1059	175	7	7	7	NUM
dem-1059	175	8	20	20	NUM
dem-1059	175	9	07	07	NUM
dem-1059	175	10	-0	-0	SYM
dem-1059	175	11	702	702	NUM
dem-1059	175	12	20	20	NUM
dem-1059	175	13	07	07	NUM
dem-1059	175	14	-0	-0	SYM
dem-1059	175	15	709	709	NUM
dem-1059	175	16	20	20	NUM
dem-1059	175	17	07	07	NUM
dem-1059	175	18	-0	-0	SYM
dem-1059	175	19	716	716	NUM
dem-1059	175	20	20	20	NUM
dem-1059	175	21	07	07	NUM
dem-1059	175	22	-0	-0	SYM
dem-1059	175	23	723	723	NUM
dem-1059	175	24	20	20	NUM
dem-1059	175	25	07	07	NUM
dem-1059	175	26	-0	-0	SYM
dem-1059	175	27	730	730	NUM
dem-1059	175	28	20	20	NUM
dem-1059	175	29	07	07	NUM
dem-1059	175	30	-0	-0	SYM
dem-1059	175	31	806	806	NUM
dem-1059	175	32	20	20	NUM
dem-1059	175	33	07	07	NUM
dem-1059	175	34	-0	-0	SYM
dem-1059	175	35	813	813	NUM
dem-1059	175	36	20	20	NUM
dem-1059	175	37	07	07	NUM
dem-1059	175	38	-0	-0	SYM
dem-1059	175	39	820	820	NUM
dem-1059	175	40	20	20	NUM
dem-1059	175	41	07	07	NUM
dem-1059	175	42	-0	-0	SYM
dem-1059	175	43	827	827	NUM
dem-1059	175	44	20	20	NUM
dem-1059	175	45	07	07	NUM
dem-1059	175	46	-0	-0	INTJ
dem-1059	175	47	903	903	NUM
dem-1059	175	48	20	20	NUM
dem-1059	175	49	07	07	NUM
dem-1059	175	50	-0	-0	SYM
dem-1059	175	51	910	910	NUM
dem-1059	175	52	20	20	NUM
dem-1059	175	53	07	07	NUM
dem-1059	175	54	-0	-0	SYM
dem-1059	175	55	917	917	NUM
dem-1059	175	56	20	20	NUM
dem-1059	175	57	07	07	NUM
dem-1059	175	58	-0	-0	SYM
dem-1059	175	59	924	924	NUM
dem-1059	175	60	-7	-7	NOUN
dem-1059	176	1	-6	-6	INTJ
dem-1059	176	2	-5	-5	INTJ
dem-1059	176	3	-4	-4	INTJ
dem-1059	176	4	-3	-3	INTJ
dem-1059	176	5	-2	-2	INTJ
dem-1059	177	1	-1	-1	SYM
dem-1059	177	2	0	0	NUM
dem-1059	178	1	1	1	NUM
dem-1059	178	2	2	2	NUM
dem-1059	178	3	3	3	NUM
dem-1059	178	4	4	4	NUM
dem-1059	178	5	5	5	NUM
dem-1059	178	6	6	6	NUM
dem-1059	178	7	7	7	NUM
dem-1059	178	8	20	20	NUM
dem-1059	178	9	07	07	NUM
dem-1059	178	10	-0	-0	SYM
dem-1059	178	11	702	702	NUM
dem-1059	178	12	20	20	NUM
dem-1059	178	13	07	07	NUM
dem-1059	178	14	-0	-0	SYM
dem-1059	178	15	709	709	NUM
dem-1059	178	16	20	20	NUM
dem-1059	178	17	07	07	NUM
dem-1059	178	18	-0	-0	SYM
dem-1059	178	19	716	716	NUM
dem-1059	178	20	20	20	NUM
dem-1059	178	21	07	07	NUM
dem-1059	178	22	-0	-0	SYM
dem-1059	178	23	723	723	NUM
dem-1059	178	24	20	20	NUM
dem-1059	178	25	07	07	NUM
dem-1059	178	26	-0	-0	SYM
dem-1059	178	27	730	730	NUM
dem-1059	178	28	20	20	NUM
dem-1059	178	29	07	07	NUM
dem-1059	178	30	-0	-0	SYM
dem-1059	178	31	806	806	NUM
dem-1059	178	32	20	20	NUM
dem-1059	178	33	07	07	NUM
dem-1059	178	34	-0	-0	SYM
dem-1059	178	35	813	813	NUM
dem-1059	178	36	20	20	NUM
dem-1059	178	37	07	07	NUM
dem-1059	178	38	-0	-0	SYM
dem-1059	178	39	820	820	NUM
dem-1059	178	40	20	20	NUM
dem-1059	178	41	07	07	NUM
dem-1059	178	42	-0	-0	SYM
dem-1059	178	43	827	827	NUM
dem-1059	178	44	20	20	NUM
dem-1059	178	45	07	07	NUM
dem-1059	178	46	-0	-0	INTJ
dem-1059	178	47	903	903	NUM
dem-1059	178	48	20	20	NUM
dem-1059	178	49	07	07	NUM
dem-1059	178	50	-0	-0	SYM
dem-1059	178	51	910	910	NUM
dem-1059	178	52	20	20	NUM
dem-1059	178	53	07	07	NUM
dem-1059	178	54	-0	-0	SYM
dem-1059	178	55	917	917	NUM
dem-1059	178	56	20	20	NUM
dem-1059	178	57	07	07	NUM
dem-1059	178	58	-0	-0	SYM
dem-1059	178	59	924	924	NUM
dem-1059	178	60	-7	-7	NOUN
dem-1059	179	1	-6	-6	INTJ
dem-1059	179	2	-5	-5	INTJ
dem-1059	179	3	-4	-4	INTJ
dem-1059	179	4	-3	-3	INTJ
dem-1059	179	5	-2	-2	INTJ
dem-1059	180	1	-1	-1	SYM
dem-1059	180	2	0	0	NUM
dem-1059	181	1	1	1	NUM
dem-1059	181	2	2	2	NUM
dem-1059	181	3	3	3	NUM
dem-1059	181	4	4	4	NUM
dem-1059	181	5	5	5	NUM
dem-1059	181	6	6	6	NUM
dem-1059	181	7	7	7	NUM
dem-1059	181	8	20	20	NUM
dem-1059	181	9	07	07	NUM
dem-1059	181	10	-0	-0	SYM
dem-1059	181	11	702	702	NUM
dem-1059	181	12	20	20	NUM
dem-1059	181	13	07	07	NUM
dem-1059	181	14	-0	-0	SYM
dem-1059	181	15	709	709	NUM
dem-1059	181	16	20	20	NUM
dem-1059	181	17	07	07	NUM
dem-1059	181	18	-0	-0	SYM
dem-1059	181	19	716	716	NUM
dem-1059	181	20	20	20	NUM
dem-1059	181	21	07	07	NUM
dem-1059	181	22	-0	-0	SYM
dem-1059	181	23	723	723	NUM
dem-1059	181	24	20	20	NUM
dem-1059	181	25	07	07	NUM
dem-1059	181	26	-0	-0	SYM
dem-1059	181	27	730	730	NUM
dem-1059	181	28	20	20	NUM
dem-1059	181	29	07	07	NUM
dem-1059	181	30	-0	-0	SYM
dem-1059	181	31	806	806	NUM
dem-1059	181	32	20	20	NUM
dem-1059	181	33	07	07	NUM
dem-1059	181	34	-0	-0	SYM
dem-1059	181	35	813	813	NUM
dem-1059	181	36	20	20	NUM
dem-1059	181	37	07	07	NUM
dem-1059	181	38	-0	-0	SYM
dem-1059	181	39	820	820	NUM
dem-1059	181	40	20	20	NUM
dem-1059	181	41	07	07	NUM
dem-1059	181	42	-0	-0	SYM
dem-1059	181	43	827	827	NUM
dem-1059	181	44	20	20	NUM
dem-1059	181	45	07	07	NUM
dem-1059	181	46	-0	-0	INTJ
dem-1059	181	47	903	903	NUM
dem-1059	181	48	20	20	NUM
dem-1059	181	49	07	07	NUM
dem-1059	181	50	-0	-0	SYM
dem-1059	181	51	910	910	NUM
dem-1059	181	52	20	20	NUM
dem-1059	181	53	07	07	NUM
dem-1059	181	54	-0	-0	SYM
dem-1059	181	55	917	917	NUM
dem-1059	181	56	20	20	NUM
dem-1059	181	57	07	07	NUM
dem-1059	181	58	-0	-0	SYM
dem-1059	181	59	924	924	NUM
dem-1059	181	60	bayesian	bayesian	NOUN
dem-1059	181	61	optimal	optimal	ADJ
dem-1059	181	62	portfolio	portfolio	NOUN
dem-1059	181	63	selection	selection	NOUN
dem-1059	181	64	in	in	ADP
dem-1059	181	65	the	the	DET
dem-1059	181	66	msf	msf	NOUN
dem-1059	181	67	-	-	PUNCT
dem-1059	181	68	sbekk	sbekk	ADJ
dem-1059	181	69	model	model	NOUN
dem-1059	181	70	51	51	NUM
dem-1059	181	71	)	)	PUNCT
dem-1059	181	72	]	]	X
dem-1059	181	73	/()/	/()/	PUNCT
dem-1059	181	74	(	(	PUNCT
dem-1059	181	75	[	[	PUNCT
dem-1059	181	76	,	,	PUNCT
dem-1059	181	77	2,2|,2,,1,1|,1,|	2,2|,2,,1,1|,1,|	NUM
dem-1059	181	78	,	,	PUNCT
dem-1059	181	79	*	*	PUNCT
dem-1059	181	80	*	*	PUNCT
dem-1059	181	81	*	*	PUNCT
dem-1059	181	82	tst	tst	NOUN
dem-1059	181	83	op	op	NOUN
dem-1059	181	84	tstmvrtst	tstmvrtst	VERB
dem-1059	181	85	op	op	PROPN
dem-1059	181	86	tstmvrttstmvr	tstmvrttstmvr	PROPN
dem-1059	181	87	xxwxxwww	xxwxxwww	PROPN
dem-1059	181	88	ppp	ppp	PROPN
dem-1059	181	89			NOUN
dem-1059	181	90			ADJ
dem-1059	181	91	,	,	PUNCT
dem-1059	181	92	s	s	NOUN
dem-1059	181	93	=	=	SYM
dem-1059	181	94	1	1	NUM
dem-1059	181	95	,	,	PUNCT
dem-1059	181	96	2	2	NUM
dem-1059	181	97	,	,	PUNCT
dem-1059	181	98	..	..	PUNCT
dem-1059	181	99	,	,	PUNCT
dem-1059	181	100	60	60	NUM
dem-1059	181	101	.	.	PUNCT
dem-1059	181	102	)	)	PUNCT
dem-1059	182	1	|	|	ADV
dem-1059	182	2	(	(	PUNCT
dem-1059	182	3	|	|	ADV
dem-1059	182	4	,	,	PUNCT
dem-1059	182	5	*	*	PUNCT
dem-1059	182	6	y	y	PROPN
dem-1059	182	7	tstpmvr	tstpmvr	PROPN
dem-1059	182	8	vp	vp	PROPN
dem-1059	182	9			PROPN
dem-1059	182	10	sjsv	sjsv	PROPN
dem-1059	182	11	tsveur_usd	tsveur_usd	PROPN
dem-1059	182	12	msf	msf	PROPN
dem-1059	182	13	-	-	PUNCT
dem-1059	182	14	sbekk	sbekk	ADJ
dem-1059	182	15	msf	msf	PROPN
dem-1059	182	16	-	-	NOUN
dem-1059	182	17	sbekk	sbekk	PROPN
dem-1059	182	18	with	with	ADP
dem-1059	182	19	app	app	PROPN
dem-1059	182	20	.	.	PUNCT
dem-1059	183	1	msf	msf	PROPN
dem-1059	183	2	sbekk	sbekk	PROPN
dem-1059	183	3	figure	figure	NOUN
dem-1059	183	4	4	4	NUM
dem-1059	183	5	.	.	PUNCT
dem-1059	184	1	quantiles	quantile	NOUN
dem-1059	184	2	of	of	ADP
dem-1059	184	3	the	the	DET
dem-1059	184	4	predictive	predictive	ADJ
dem-1059	184	5	distributions	distribution	NOUN
dem-1059	184	6	of	of	ADP
dem-1059	184	7	the	the	DET
dem-1059	184	8	conditional	conditional	ADJ
dem-1059	184	9	standard	standard	ADJ
dem-1059	184	10	deviation	deviation	NOUN
dem-1059	184	11	of	of	ADP
dem-1059	184	12	the	the	DET
dem-1059	184	13	minimum	minimum	ADJ
dem-1059	184	14	conditional	conditional	ADJ
dem-1059	184	15	variance	variance	NOUN
dem-1059	184	16	portfolio	portfolio	NOUN
dem-1059	184	17	with	with	ADP
dem-1059	184	18	the	the	DET
dem-1059	184	19	return	return	NOUN
dem-1059	184	20	equal	equal	ADJ
dem-1059	184	21	to	to	ADP
dem-1059	184	22	at	at	ADV
dem-1059	184	23	least	least	ADV
dem-1059	184	24	5	5	NUM
dem-1059	184	25	%	%	NOUN
dem-1059	184	26	on	on	ADP
dem-1059	184	27	annual	annual	ADJ
dem-1059	184	28	base	base	NOUN
dem-1059	184	29	.	.	PUNCT
dem-1059	185	1	the	the	DET
dem-1059	185	2	central	central	ADJ
dem-1059	185	3	black	black	ADJ
dem-1059	185	4	lines	line	NOUN
dem-1059	185	5	represent	represent	VERB
dem-1059	185	6	the	the	DET
dem-1059	185	7	medians	median	NOUN
dem-1059	185	8	,	,	PUNCT
dem-1059	185	9	and	and	CCONJ
dem-1059	185	10	the	the	DET
dem-1059	185	11	grey	grey	PROPN
dem-1059	185	12	lines	line	NOUN
dem-1059	185	13	represent	represent	VERB
dem-1059	185	14	the	the	DET
dem-1059	185	15	quantiles	quantile	NOUN
dem-1059	185	16	of	of	ADP
dem-1059	185	17	order	order	NOUN
dem-1059	185	18	0.05	0.05	NUM
dem-1059	185	19	,	,	PUNCT
dem-1059	185	20	0.25	0.25	NUM
dem-1059	185	21	,	,	PUNCT
dem-1059	185	22	0.75	0.75	NUM
dem-1059	185	23	,	,	PUNCT
dem-1059	185	24	0.95	0.95	NUM
dem-1059	185	25	,	,	PUNCT
dem-1059	185	26	respectively	respectively	ADV
dem-1059	185	27	figure	figure	NOUN
dem-1059	185	28	5	5	NUM
dem-1059	185	29	.	.	PUNCT
dem-1059	185	30	wealth	wealth	NOUN
dem-1059	185	31	of	of	ADP
dem-1059	185	32	the	the	DET
dem-1059	185	33	investor	investor	NOUN
dem-1059	185	34	at	at	ADP
dem-1059	185	35	time	time	NOUN
dem-1059	185	36	t+s	t+s	PROPN
dem-1059	185	37	for	for	ADP
dem-1059	185	38	s	s	NOUN
dem-1059	185	39	=	=	SYM
dem-1059	185	40	1	1	NUM
dem-1059	185	41	,	,	PUNCT
dem-1059	185	42	...	...	PUNCT
dem-1059	185	43	,	,	PUNCT
dem-1059	185	44	60	60	NUM
dem-1059	185	45	(	(	PUNCT
dem-1059	185	46	the	the	DET
dem-1059	185	47	optimal	optimal	ADJ
dem-1059	185	48	portfolio	portfolio	NOUN
dem-1059	185	49	is	be	AUX
dem-1059	185	50	constructed	construct	VERB
dem-1059	185	51	on	on	ADP
dem-1059	185	52	the	the	DET
dem-1059	185	53	medians	median	NOUN
dem-1059	185	54	of	of	ADP
dem-1059	185	55	tstpmvr	tstpmvr	NOUN
dem-1059	185	56	w	w	PROPN
dem-1059	185	57	|	|	ADV
dem-1059	185	58	,	,	PUNCT
dem-1059	185	59	*	*	PUNCT
dem-1059	185	60			ADV
dem-1059	185	61	)	)	PUNCT
dem-1059	185	62	0	0	NUM
dem-1059	185	63	0.5	0.5	NUM
dem-1059	185	64	1	1	NUM
dem-1059	185	65	1.5	1.5	NUM
dem-1059	185	66	2	2	NUM
dem-1059	185	67	2.5	2.5	NUM
dem-1059	185	68	3	3	NUM
dem-1059	185	69	3.5	3.5	NUM
dem-1059	185	70	4	4	NUM
dem-1059	185	71	20	20	NUM
dem-1059	185	72	07	07	NUM
dem-1059	185	73	-0	-0	SYM
dem-1059	185	74	702	702	NUM
dem-1059	185	75	20	20	NUM
dem-1059	185	76	07	07	NUM
dem-1059	185	77	-0	-0	SYM
dem-1059	185	78	709	709	NUM
dem-1059	185	79	20	20	NUM
dem-1059	185	80	07	07	NUM
dem-1059	185	81	-0	-0	SYM
dem-1059	185	82	716	716	NUM
dem-1059	185	83	20	20	NUM
dem-1059	185	84	07	07	NUM
dem-1059	185	85	-0	-0	SYM
dem-1059	185	86	723	723	NUM
dem-1059	185	87	20	20	NUM
dem-1059	185	88	07	07	NUM
dem-1059	185	89	-0	-0	SYM
dem-1059	185	90	730	730	NUM
dem-1059	185	91	20	20	NUM
dem-1059	185	92	07	07	NUM
dem-1059	185	93	-0	-0	SYM
dem-1059	185	94	806	806	NUM
dem-1059	185	95	20	20	NUM
dem-1059	185	96	07	07	NUM
dem-1059	185	97	-0	-0	SYM
dem-1059	185	98	813	813	NUM
dem-1059	185	99	20	20	NUM
dem-1059	185	100	07	07	NUM
dem-1059	185	101	-0	-0	SYM
dem-1059	185	102	820	820	NUM
dem-1059	185	103	20	20	NUM
dem-1059	185	104	07	07	NUM
dem-1059	185	105	-0	-0	SYM
dem-1059	185	106	827	827	NUM
dem-1059	185	107	20	20	NUM
dem-1059	185	108	07	07	NUM
dem-1059	185	109	-0	-0	INTJ
dem-1059	185	110	903	903	NUM
dem-1059	185	111	20	20	NUM
dem-1059	185	112	07	07	NUM
dem-1059	185	113	-0	-0	SYM
dem-1059	185	114	910	910	NUM
dem-1059	185	115	20	20	NUM
dem-1059	185	116	07	07	NUM
dem-1059	185	117	-0	-0	SYM
dem-1059	185	118	917	917	NUM
dem-1059	185	119	20	20	NUM
dem-1059	185	120	07	07	NUM
dem-1059	185	121	-0	-0	SYM
dem-1059	185	122	924	924	NUM
dem-1059	185	123	0	0	NUM
dem-1059	185	124	0.5	0.5	NUM
dem-1059	185	125	1	1	NUM
dem-1059	185	126	1.5	1.5	NUM
dem-1059	185	127	2	2	NUM
dem-1059	185	128	2.5	2.5	NUM
dem-1059	185	129	3	3	NUM
dem-1059	185	130	3.5	3.5	NUM
dem-1059	185	131	4	4	NUM
dem-1059	185	132	20	20	NUM
dem-1059	185	133	07	07	NUM
dem-1059	185	134	-0	-0	SYM
dem-1059	185	135	702	702	NUM
dem-1059	185	136	20	20	NUM
dem-1059	185	137	07	07	NUM
dem-1059	185	138	-0	-0	SYM
dem-1059	185	139	709	709	NUM
dem-1059	185	140	20	20	NUM
dem-1059	185	141	07	07	NUM
dem-1059	185	142	-0	-0	SYM
dem-1059	185	143	716	716	NUM
dem-1059	185	144	20	20	NUM
dem-1059	185	145	07	07	NUM
dem-1059	185	146	-0	-0	SYM
dem-1059	185	147	723	723	NUM
dem-1059	185	148	20	20	NUM
dem-1059	185	149	07	07	NUM
dem-1059	185	150	-0	-0	SYM
dem-1059	185	151	730	730	NUM
dem-1059	185	152	20	20	NUM
dem-1059	185	153	07	07	NUM
dem-1059	185	154	-0	-0	SYM
dem-1059	185	155	806	806	NUM
dem-1059	185	156	20	20	NUM
dem-1059	185	157	07	07	NUM
dem-1059	185	158	-0	-0	SYM
dem-1059	185	159	813	813	NUM
dem-1059	185	160	20	20	NUM
dem-1059	185	161	07	07	NUM
dem-1059	185	162	-0	-0	SYM
dem-1059	185	163	820	820	NUM
dem-1059	185	164	20	20	NUM
dem-1059	185	165	07	07	NUM
dem-1059	185	166	-0	-0	SYM
dem-1059	185	167	827	827	NUM
dem-1059	185	168	20	20	NUM
dem-1059	185	169	07	07	NUM
dem-1059	185	170	-0	-0	INTJ
dem-1059	185	171	903	903	NUM
dem-1059	185	172	20	20	NUM
dem-1059	185	173	07	07	NUM
dem-1059	185	174	-0	-0	SYM
dem-1059	185	175	910	910	NUM
dem-1059	185	176	20	20	NUM
dem-1059	185	177	07	07	NUM
dem-1059	185	178	-0	-0	SYM
dem-1059	185	179	917	917	NUM
dem-1059	185	180	20	20	NUM
dem-1059	185	181	07	07	NUM
dem-1059	185	182	-0	-0	SYM
dem-1059	185	183	924	924	NUM
dem-1059	185	184	0	0	NUM
dem-1059	185	185	0.5	0.5	NUM
dem-1059	185	186	1	1	NUM
dem-1059	185	187	1.5	1.5	NUM
dem-1059	185	188	2	2	NUM
dem-1059	185	189	2.5	2.5	NUM
dem-1059	185	190	3	3	NUM
dem-1059	185	191	3.5	3.5	NUM
dem-1059	185	192	4	4	NUM
dem-1059	185	193	20	20	NUM
dem-1059	185	194	07	07	NUM
dem-1059	185	195	-0	-0	SYM
dem-1059	185	196	702	702	NUM
dem-1059	185	197	20	20	NUM
dem-1059	185	198	07	07	NUM
dem-1059	185	199	-0	-0	SYM
dem-1059	185	200	709	709	NUM
dem-1059	185	201	20	20	NUM
dem-1059	185	202	07	07	NUM
dem-1059	185	203	-0	-0	SYM
dem-1059	185	204	716	716	NUM
dem-1059	185	205	20	20	NUM
dem-1059	185	206	07	07	NUM
dem-1059	185	207	-0	-0	SYM
dem-1059	185	208	723	723	NUM
dem-1059	185	209	20	20	NUM
dem-1059	185	210	07	07	NUM
dem-1059	185	211	-0	-0	SYM
dem-1059	185	212	730	730	NUM
dem-1059	185	213	20	20	NUM
dem-1059	185	214	07	07	NUM
dem-1059	185	215	-0	-0	SYM
dem-1059	185	216	806	806	NUM
dem-1059	185	217	20	20	NUM
dem-1059	185	218	07	07	NUM
dem-1059	185	219	-0	-0	SYM
dem-1059	185	220	813	813	NUM
dem-1059	185	221	20	20	NUM
dem-1059	185	222	07	07	NUM
dem-1059	185	223	-0	-0	SYM
dem-1059	185	224	820	820	NUM
dem-1059	185	225	20	20	NUM
dem-1059	185	226	07	07	NUM
dem-1059	185	227	-0	-0	SYM
dem-1059	185	228	827	827	NUM
dem-1059	185	229	20	20	NUM
dem-1059	185	230	07	07	NUM
dem-1059	185	231	-0	-0	INTJ
dem-1059	185	232	903	903	NUM
dem-1059	185	233	20	20	NUM
dem-1059	185	234	07	07	NUM
dem-1059	185	235	-0	-0	SYM
dem-1059	185	236	910	910	NUM
dem-1059	185	237	20	20	NUM
dem-1059	185	238	07	07	NUM
dem-1059	185	239	-0	-0	SYM
dem-1059	185	240	917	917	NUM
dem-1059	185	241	20	20	NUM
dem-1059	185	242	07	07	NUM
dem-1059	185	243	-0	-0	SYM
dem-1059	185	244	924	924	NUM
dem-1059	185	245	0	0	NUM
dem-1059	185	246	0.5	0.5	NUM
dem-1059	185	247	1	1	NUM
dem-1059	185	248	1.5	1.5	NUM
dem-1059	185	249	2	2	NUM
dem-1059	185	250	2.5	2.5	NUM
dem-1059	185	251	3	3	NUM
dem-1059	185	252	3.5	3.5	NUM
dem-1059	185	253	4	4	NUM
dem-1059	185	254	20	20	NUM
dem-1059	185	255	07	07	NUM
dem-1059	185	256	-0	-0	SYM
dem-1059	185	257	702	702	NUM
dem-1059	185	258	20	20	NUM
dem-1059	185	259	07	07	NUM
dem-1059	185	260	-0	-0	SYM
dem-1059	185	261	709	709	NUM
dem-1059	185	262	20	20	NUM
dem-1059	185	263	07	07	NUM
dem-1059	185	264	-0	-0	SYM
dem-1059	185	265	716	716	NUM
dem-1059	185	266	20	20	NUM
dem-1059	185	267	07	07	NUM
dem-1059	185	268	-0	-0	SYM
dem-1059	185	269	723	723	NUM
dem-1059	185	270	20	20	NUM
dem-1059	185	271	07	07	NUM
dem-1059	185	272	-0	-0	SYM
dem-1059	185	273	730	730	NUM
dem-1059	185	274	20	20	NUM
dem-1059	185	275	07	07	NUM
dem-1059	185	276	-0	-0	SYM
dem-1059	185	277	806	806	NUM
dem-1059	185	278	20	20	NUM
dem-1059	185	279	07	07	NUM
dem-1059	185	280	-0	-0	SYM
dem-1059	185	281	813	813	NUM
dem-1059	185	282	20	20	NUM
dem-1059	185	283	07	07	NUM
dem-1059	185	284	-0	-0	SYM
dem-1059	185	285	820	820	NUM
dem-1059	185	286	20	20	NUM
dem-1059	185	287	07	07	NUM
dem-1059	185	288	-0	-0	SYM
dem-1059	185	289	827	827	NUM
dem-1059	185	290	20	20	NUM
dem-1059	185	291	07	07	NUM
dem-1059	185	292	-0	-0	INTJ
dem-1059	185	293	903	903	NUM
dem-1059	185	294	20	20	NUM
dem-1059	185	295	07	07	NUM
dem-1059	185	296	-0	-0	SYM
dem-1059	185	297	910	910	NUM
dem-1059	185	298	20	20	NUM
dem-1059	185	299	07	07	NUM
dem-1059	185	300	-0	-0	SYM
dem-1059	185	301	917	917	NUM
dem-1059	185	302	20	20	NUM
dem-1059	185	303	07	07	NUM
dem-1059	185	304	-0	-0	SYM
dem-1059	185	305	924	924	NUM
dem-1059	185	306	0	0	NUM
dem-1059	185	307	0.5	0.5	NUM
dem-1059	185	308	1	1	NUM
dem-1059	185	309	1.5	1.5	NUM
dem-1059	185	310	2	2	NUM
dem-1059	185	311	2.5	2.5	NUM
dem-1059	185	312	3	3	NUM
dem-1059	185	313	3.5	3.5	NUM
dem-1059	185	314	4	4	NUM
dem-1059	185	315	20	20	NUM
dem-1059	185	316	07	07	NUM
dem-1059	185	317	-0	-0	SYM
dem-1059	185	318	702	702	NUM
dem-1059	185	319	20	20	NUM
dem-1059	185	320	07	07	NUM
dem-1059	185	321	-0	-0	SYM
dem-1059	185	322	709	709	NUM
dem-1059	185	323	20	20	NUM
dem-1059	185	324	07	07	NUM
dem-1059	185	325	-0	-0	SYM
dem-1059	185	326	716	716	NUM
dem-1059	185	327	20	20	NUM
dem-1059	185	328	07	07	NUM
dem-1059	185	329	-0	-0	SYM
dem-1059	185	330	723	723	NUM
dem-1059	185	331	20	20	NUM
dem-1059	185	332	07	07	NUM
dem-1059	185	333	-0	-0	SYM
dem-1059	185	334	730	730	NUM
dem-1059	185	335	20	20	NUM
dem-1059	185	336	07	07	NUM
dem-1059	185	337	-0	-0	SYM
dem-1059	185	338	806	806	NUM
dem-1059	185	339	20	20	NUM
dem-1059	185	340	07	07	NUM
dem-1059	185	341	-0	-0	SYM
dem-1059	185	342	813	813	NUM
dem-1059	185	343	20	20	NUM
dem-1059	185	344	07	07	NUM
dem-1059	185	345	-0	-0	SYM
dem-1059	185	346	820	820	NUM
dem-1059	185	347	20	20	NUM
dem-1059	185	348	07	07	NUM
dem-1059	185	349	-0	-0	SYM
dem-1059	185	350	827	827	NUM
dem-1059	185	351	20	20	NUM
dem-1059	185	352	07	07	NUM
dem-1059	185	353	-0	-0	INTJ
dem-1059	185	354	903	903	NUM
dem-1059	185	355	20	20	NUM
dem-1059	185	356	07	07	NUM
dem-1059	185	357	-0	-0	SYM
dem-1059	185	358	910	910	NUM
dem-1059	185	359	20	20	NUM
dem-1059	185	360	07	07	NUM
dem-1059	185	361	-0	-0	SYM
dem-1059	185	362	917	917	NUM
dem-1059	185	363	20	20	NUM
dem-1059	185	364	07	07	NUM
dem-1059	185	365	-0	-0	SYM
dem-1059	185	366	924	924	NUM
dem-1059	185	367	0	0	NUM
dem-1059	185	368	0.5	0.5	NUM
dem-1059	185	369	1	1	NUM
dem-1059	185	370	1.5	1.5	NUM
dem-1059	185	371	2	2	NUM
dem-1059	185	372	2.5	2.5	NUM
dem-1059	185	373	3	3	NUM
dem-1059	185	374	3.5	3.5	NUM
dem-1059	185	375	4	4	NUM
dem-1059	185	376	20	20	NUM
dem-1059	185	377	07	07	NUM
dem-1059	185	378	-0	-0	SYM
dem-1059	185	379	702	702	NUM
dem-1059	185	380	20	20	NUM
dem-1059	185	381	07	07	NUM
dem-1059	185	382	-0	-0	SYM
dem-1059	185	383	709	709	NUM
dem-1059	185	384	20	20	NUM
dem-1059	185	385	07	07	NUM
dem-1059	185	386	-0	-0	SYM
dem-1059	185	387	716	716	NUM
dem-1059	185	388	20	20	NUM
dem-1059	185	389	07	07	NUM
dem-1059	185	390	-0	-0	SYM
dem-1059	185	391	723	723	NUM
dem-1059	185	392	20	20	NUM
dem-1059	185	393	07	07	NUM
dem-1059	185	394	-0	-0	SYM
dem-1059	185	395	730	730	NUM
dem-1059	185	396	20	20	NUM
dem-1059	185	397	07	07	NUM
dem-1059	185	398	-0	-0	SYM
dem-1059	185	399	806	806	NUM
dem-1059	185	400	20	20	NUM
dem-1059	185	401	07	07	NUM
dem-1059	185	402	-0	-0	SYM
dem-1059	185	403	813	813	NUM
dem-1059	185	404	20	20	NUM
dem-1059	185	405	07	07	NUM
dem-1059	185	406	-0	-0	SYM
dem-1059	185	407	820	820	NUM
dem-1059	185	408	20	20	NUM
dem-1059	185	409	07	07	NUM
dem-1059	185	410	-0	-0	SYM
dem-1059	185	411	827	827	NUM
dem-1059	185	412	20	20	NUM
dem-1059	185	413	07	07	NUM
dem-1059	185	414	-0	-0	INTJ
dem-1059	185	415	903	903	NUM
dem-1059	185	416	20	20	NUM
dem-1059	185	417	07	07	NUM
dem-1059	185	418	-0	-0	SYM
dem-1059	185	419	910	910	NUM
dem-1059	185	420	20	20	NUM
dem-1059	185	421	07	07	NUM
dem-1059	185	422	-0	-0	SYM
dem-1059	185	423	917	917	NUM
dem-1059	185	424	20	20	NUM
dem-1059	185	425	07	07	NUM
dem-1059	185	426	-0	-0	SYM
dem-1059	185	427	924	924	NUM
dem-1059	185	428	9850	9850	NUM
dem-1059	185	429	10000	10000	NUM
dem-1059	185	430	10150	10150	NUM
dem-1059	185	431	10300	10300	NUM
dem-1059	185	432	10450	10450	NUM
dem-1059	185	433	20	20	NUM
dem-1059	185	434	07	07	NUM
dem-1059	185	435	-0	-0	SYM
dem-1059	185	436	702	702	NUM
dem-1059	185	437	20	20	NUM
dem-1059	185	438	07	07	NUM
dem-1059	185	439	-0	-0	SYM
dem-1059	185	440	705	705	NUM
dem-1059	185	441	20	20	NUM
dem-1059	185	442	07	07	NUM
dem-1059	185	443	-0	-0	SYM
dem-1059	185	444	708	708	NUM
dem-1059	185	445	20	20	NUM
dem-1059	185	446	07	07	NUM
dem-1059	185	447	-0	-0	SYM
dem-1059	185	448	711	711	NUM
dem-1059	185	449	20	20	NUM
dem-1059	185	450	07	07	NUM
dem-1059	185	451	-0	-0	SYM
dem-1059	185	452	714	714	NUM
dem-1059	185	453	20	20	NUM
dem-1059	185	454	07	07	NUM
dem-1059	185	455	-0	-0	SYM
dem-1059	185	456	717	717	NUM
dem-1059	185	457	20	20	NUM
dem-1059	185	458	07	07	NUM
dem-1059	185	459	-0	-0	SYM
dem-1059	185	460	720	720	NUM
dem-1059	185	461	20	20	NUM
dem-1059	185	462	07	07	NUM
dem-1059	185	463	-0	-0	SYM
dem-1059	185	464	723	723	NUM
dem-1059	185	465	20	20	NUM
dem-1059	185	466	07	07	NUM
dem-1059	185	467	-0	-0	SYM
dem-1059	185	468	726	726	NUM
dem-1059	185	469	20	20	NUM
dem-1059	185	470	07	07	NUM
dem-1059	185	471	-0	-0	SYM
dem-1059	185	472	729	729	NUM
dem-1059	185	473	20	20	NUM
dem-1059	185	474	07	07	NUM
dem-1059	185	475	-0	-0	SYM
dem-1059	185	476	801	801	NUM
dem-1059	185	477	20	20	NUM
dem-1059	185	478	07	07	NUM
dem-1059	185	479	-0	-0	SYM
dem-1059	185	480	804	804	NUM
dem-1059	185	481	20	20	NUM
dem-1059	185	482	07	07	NUM
dem-1059	185	483	-0	-0	SYM
dem-1059	185	484	807	807	NUM
dem-1059	185	485	20	20	NUM
dem-1059	185	486	07	07	NUM
dem-1059	185	487	-0	-0	SYM
dem-1059	185	488	810	810	NUM
dem-1059	185	489	20	20	NUM
dem-1059	185	490	07	07	NUM
dem-1059	185	491	-0	-0	SYM
dem-1059	185	492	813	813	NUM
dem-1059	185	493	20	20	NUM
dem-1059	185	494	07	07	NUM
dem-1059	185	495	-0	-0	SYM
dem-1059	185	496	816	816	NUM
dem-1059	185	497	20	20	NUM
dem-1059	185	498	07	07	NUM
dem-1059	185	499	-0	-0	SYM
dem-1059	185	500	819	819	NUM
dem-1059	185	501	20	20	NUM
dem-1059	185	502	07	07	NUM
dem-1059	185	503	-0	-0	SYM
dem-1059	185	504	822	822	NUM
dem-1059	185	505	20	20	NUM
dem-1059	185	506	07	07	NUM
dem-1059	185	507	-0	-0	SYM
dem-1059	185	508	825	825	NUM
dem-1059	185	509	20	20	NUM
dem-1059	185	510	07	07	NUM
dem-1059	185	511	-0	-0	SYM
dem-1059	185	512	828	828	NUM
dem-1059	185	513	20	20	NUM
dem-1059	185	514	07	07	NUM
dem-1059	185	515	-0	-0	SYM
dem-1059	185	516	831	831	NUM
dem-1059	185	517	20	20	NUM
dem-1059	185	518	07	07	NUM
dem-1059	185	519	-0	-0	INTJ
dem-1059	185	520	903	903	NUM
dem-1059	185	521	20	20	NUM
dem-1059	185	522	07	07	NUM
dem-1059	185	523	-0	-0	SYM
dem-1059	185	524	906	906	NUM
dem-1059	185	525	20	20	NUM
dem-1059	185	526	07	07	NUM
dem-1059	185	527	-0	-0	SYM
dem-1059	185	528	909	909	NUM
dem-1059	185	529	20	20	NUM
dem-1059	185	530	07	07	NUM
dem-1059	185	531	-0	-0	SYM
dem-1059	185	532	912	912	NUM
dem-1059	185	533	20	20	NUM
dem-1059	185	534	07	07	NUM
dem-1059	185	535	-0	-0	SYM
dem-1059	185	536	915	915	NUM
dem-1059	185	537	20	20	NUM
dem-1059	185	538	07	07	NUM
dem-1059	185	539	-0	-0	SYM
dem-1059	185	540	918	918	NUM
dem-1059	185	541	20	20	NUM
dem-1059	185	542	07	07	NUM
dem-1059	185	543	-0	-0	SYM
dem-1059	185	544	921	921	NUM
dem-1059	185	545	20	20	NUM
dem-1059	185	546	07	07	NUM
dem-1059	185	547	-0	-0	SYM
dem-1059	185	548	924	924	NUM
dem-1059	185	549	jsv	jsv	NOUN
dem-1059	185	550	sjsv	sjsv	PROPN
dem-1059	185	551	tsv_e_u	tsv_e_u	NUM
dem-1059	185	552	tsv_u_e	tsv_u_e	PROPN
dem-1059	185	553	msf	msf	NOUN
dem-1059	185	554	-	-	PUNCT
dem-1059	185	555	sbekk	sbekk	ADJ
dem-1059	185	556	sbekk	sbekk	PROPN
dem-1059	185	557	msf	msf	PROPN
dem-1059	185	558	bmsv	bmsv	PROPN
dem-1059	185	559	bank	bank	PROPN
dem-1059	185	560	deposit	deposit	NOUN
dem-1059	185	561	equally	equally	ADV
dem-1059	185	562	-	-	PUNCT
dem-1059	185	563	weighted	weight	VERB
dem-1059	185	564	portfolio	portfolio	NOUN
dem-1059	185	565	app	app	PROPN
dem-1059	185	566	.	.	PUNCT
dem-1059	186	1	msf	msf	PROPN
dem-1059	186	2	-	-	PUNCT
dem-1059	186	3	sbekk	sbekk	ADJ
dem-1059	186	4	anna	anna	PROPN
dem-1059	186	5	pajor	pajor	PROPN
dem-1059	186	6	52	52	NUM
dem-1059	186	7	in	in	ADP
dem-1059	186	8	figure	figure	NOUN
dem-1059	186	9	5	5	NUM
dem-1059	187	1	,	,	PUNCT
dem-1059	187	2	we	we	PRON
dem-1059	187	3	present	present	VERB
dem-1059	187	4	the	the	DET
dem-1059	187	5	plot	plot	NOUN
dem-1059	187	6	of	of	ADP
dem-1059	187	7	tstmvrp	tstmvrp	NOUN
dem-1059	187	8	w	w	NOUN
dem-1059	187	9	|	|	NOUN
dem-1059	187	10	,	,	PUNCT
dem-1059	187	11	*	*	PUNCT
dem-1059	187	12			VERB
dem-1059	187	13	for	for	ADP
dem-1059	187	14	s	s	NOUN
dem-1059	187	15	=	=	NOUN
dem-1059	187	16	1	1	NUM
dem-1059	187	17	,	,	PUNCT
dem-1059	187	18	2	2	NUM
dem-1059	187	19	,	,	PUNCT
dem-1059	187	20	...	...	PUNCT
dem-1059	187	21	,	,	PUNCT
dem-1059	187	22	60	60	NUM
dem-1059	187	23	,	,	PUNCT
dem-1059	187	24	and	and	CCONJ
dem-1059	187	25	compare	compare	VERB
dem-1059	187	26	them	they	PRON
dem-1059	187	27	with	with	ADP
dem-1059	187	28	a	a	DET
dem-1059	187	29	bank	bank	NOUN
dem-1059	187	30	deposit	deposit	NOUN
dem-1059	187	31	with	with	ADP
dem-1059	187	32	the	the	DET
dem-1059	187	33	interest	interest	NOUN
dem-1059	187	34	rate	rate	NOUN
dem-1059	187	35	equal	equal	ADJ
dem-1059	187	36	to	to	ADP
dem-1059	187	37	4.7	4.7	NUM
dem-1059	187	38	%	%	NOUN
dem-1059	187	39	on	on	ADP
dem-1059	187	40	annual	annual	ADJ
dem-1059	187	41	base	base	NOUN
dem-1059	187	42	(	(	PUNCT
dem-1059	187	43	the	the	DET
dem-1059	187	44	quotation	quotation	NOUN
dem-1059	187	45	of	of	ADP
dem-1059	187	46	the	the	DET
dem-1059	187	47	3	3	NUM
dem-1059	187	48	-	-	PUNCT
dem-1059	187	49	month	month	NOUN
dem-1059	187	50	warsaw	warsaw	PROPN
dem-1059	187	51	interbank	interbank	ADV
dem-1059	187	52	offered	offer	VERB
dem-1059	187	53	rate	rate	NOUN
dem-1059	187	54	on	on	ADP
dem-1059	187	55	june	june	PROPN
dem-1059	187	56	,	,	PUNCT
dem-1059	187	57	29	29	NUM
dem-1059	187	58	2007	2007	NUM
dem-1059	187	59	)	)	PUNCT
dem-1059	187	60	.	.	PUNCT
dem-1059	188	1	the	the	DET
dem-1059	188	2	best	good	ADJ
dem-1059	188	3	results	result	NOUN
dem-1059	188	4	we	we	PRON
dem-1059	188	5	obtain	obtain	VERB
dem-1059	188	6	in	in	ADP
dem-1059	188	7	the	the	DET
dem-1059	188	8	var(1)-jsv	var(1)-jsv	PROPN
dem-1059	188	9	model	model	NOUN
dem-1059	188	10	–	–	PUNCT
dem-1059	188	11	at	at	ADP
dem-1059	188	12	a	a	DET
dem-1059	188	13	2	2	NUM
dem-1059	188	14	-	-	PUNCT
dem-1059	188	15	month	month	NOUN
dem-1059	188	16	horizon	horizon	NOUN
dem-1059	188	17	the	the	DET
dem-1059	188	18	average	average	ADJ
dem-1059	188	19	return	return	NOUN
dem-1059	188	20	of	of	ADP
dem-1059	188	21	the	the	DET
dem-1059	188	22	optimal	optimal	ADJ
dem-1059	188	23	portfolios	portfolio	NOUN
dem-1059	188	24	is	be	AUX
dem-1059	188	25	equal	equal	ADJ
dem-1059	188	26	to	to	ADP
dem-1059	188	27	0.098	0.098	NUM
dem-1059	188	28	%	%	NOUN
dem-1059	188	29	,	,	PUNCT
dem-1059	188	30	which	which	PRON
dem-1059	188	31	represents	represent	VERB
dem-1059	188	32	annual	annual	ADJ
dem-1059	188	33	return	return	NOUN
dem-1059	188	34	of	of	ADP
dem-1059	188	35	24.58	24.58	NUM
dem-1059	188	36	%	%	NOUN
dem-1059	188	37	.	.	PUNCT
dem-1059	189	1	in	in	ADP
dem-1059	189	2	the	the	DET
dem-1059	189	3	best	good	ADJ
dem-1059	189	4	model	model	NOUN
dem-1059	189	5	(	(	PUNCT
dem-1059	189	6	i.e.	i.e.	X
dem-1059	189	7	var(1	var(1	PROPN
dem-1059	189	8	)	)	PUNCT
dem-1059	189	9	–	–	PUNCT
dem-1059	189	10	sjsv	sjsv	PROPN
dem-1059	189	11	)	)	PUNCT
dem-1059	189	12	the	the	DET
dem-1059	189	13	average	average	ADJ
dem-1059	189	14	return	return	NOUN
dem-1059	189	15	of	of	ADP
dem-1059	189	16	the	the	DET
dem-1059	189	17	optimal	optimal	ADJ
dem-1059	189	18	portfolios	portfolio	NOUN
dem-1059	189	19	is	be	AUX
dem-1059	189	20	equal	equal	ADJ
dem-1059	189	21	to	to	ADP
dem-1059	189	22	0.065	0.065	NUM
dem-1059	189	23	%	%	NOUN
dem-1059	189	24	,	,	PUNCT
dem-1059	189	25	which	which	PRON
dem-1059	189	26	represents	represent	VERB
dem-1059	189	27	annual	annual	ADJ
dem-1059	189	28	return	return	NOUN
dem-1059	189	29	of	of	ADP
dem-1059	189	30	16.34	16.34	NUM
dem-1059	189	31	%	%	NOUN
dem-1059	189	32	,	,	PUNCT
dem-1059	189	33	whereas	whereas	SCONJ
dem-1059	189	34	in	in	ADP
dem-1059	189	35	the	the	DET
dem-1059	189	36	var(1)-msf	var(1)-msf	PROPN
dem-1059	189	37	-	-	PUNCT
dem-1059	189	38	sbekk	sbekk	ADJ
dem-1059	189	39	and	and	CCONJ
dem-1059	189	40	var(1)sbekk	var(1)sbekk	NOUN
dem-1059	189	41	models	model	NOUN
dem-1059	189	42	we	we	PRON
dem-1059	189	43	have	have	VERB
dem-1059	189	44	0.048	0.048	NUM
dem-1059	189	45	%	%	NOUN
dem-1059	189	46	and	and	CCONJ
dem-1059	189	47	0.044	0.044	NUM
dem-1059	189	48	%	%	NOUN
dem-1059	189	49	,	,	PUNCT
dem-1059	189	50	respectively	respectively	ADV
dem-1059	189	51	(	(	PUNCT
dem-1059	189	52	i.e.	i.e.	X
dem-1059	189	53	12.02	12.02	NUM
dem-1059	189	54	%	%	NOUN
dem-1059	189	55	and	and	CCONJ
dem-1059	189	56	11.05	11.05	NUM
dem-1059	189	57	%	%	NOUN
dem-1059	189	58	per	per	ADP
dem-1059	189	59	annum	annum	NOUN
dem-1059	189	60	,	,	PUNCT
dem-1059	189	61	respectively	respectively	ADV
dem-1059	189	62	)	)	PUNCT
dem-1059	189	63	.	.	PUNCT
dem-1059	190	1	it	it	PRON
dem-1059	190	2	is	be	AUX
dem-1059	190	3	important	important	ADJ
dem-1059	190	4	to	to	PART
dem-1059	190	5	stress	stress	VERB
dem-1059	190	6	that	that	SCONJ
dem-1059	190	7	in	in	ADP
dem-1059	190	8	the	the	DET
dem-1059	190	9	var(1)msf	var(1)msf	NUM
dem-1059	190	10	-	-	PUNCT
dem-1059	190	11	sbekk	sbekk	ADJ
dem-1059	190	12	model	model	NOUN
dem-1059	190	13	the	the	DET
dem-1059	190	14	returns	return	NOUN
dem-1059	190	15	of	of	ADP
dem-1059	190	16	the	the	DET
dem-1059	190	17	hypothetical	hypothetical	ADJ
dem-1059	190	18	investments	investment	NOUN
dem-1059	190	19	are	be	AUX
dem-1059	190	20	higher	high	ADJ
dem-1059	190	21	than	than	ADP
dem-1059	190	22	those	those	PRON
dem-1059	190	23	of	of	ADP
dem-1059	190	24	the	the	DET
dem-1059	190	25	bank	bank	NOUN
dem-1059	190	26	deposit	deposit	NOUN
dem-1059	190	27	,	,	PUNCT
dem-1059	190	28	indicating	indicate	VERB
dem-1059	190	29	good	good	ADJ
dem-1059	190	30	forecasting	forecasting	NOUN
dem-1059	190	31	properties	property	NOUN
dem-1059	190	32	of	of	ADP
dem-1059	190	33	the	the	DET
dem-1059	190	34	model	model	NOUN
dem-1059	190	35	.	.	PUNCT
dem-1059	191	1	in	in	ADP
dem-1059	191	2	the	the	DET
dem-1059	191	3	var(1)-msf	var(1)-msf	NOUN
dem-1059	191	4	model	model	NOUN
dem-1059	191	5	(	(	PUNCT
dem-1059	191	6	with	with	ADP
dem-1059	191	7	constant	constant	ADJ
dem-1059	191	8	conditional	conditional	ADJ
dem-1059	191	9	correlation	correlation	NOUN
dem-1059	191	10	)	)	PUNCT
dem-1059	191	11	the	the	DET
dem-1059	191	12	average	average	ADJ
dem-1059	191	13	return	return	NOUN
dem-1059	191	14	of	of	ADP
dem-1059	191	15	the	the	DET
dem-1059	191	16	portfolio	portfolio	NOUN
dem-1059	191	17	is	be	AUX
dem-1059	191	18	negative	negative	ADJ
dem-1059	191	19	(	(	PUNCT
dem-1059	191	20	we	we	PRON
dem-1059	191	21	obtained	obtain	VERB
dem-1059	191	22	-0.006	-0.006	PROPN
dem-1059	191	23	%	%	NOUN
dem-1059	191	24	i.e.	i.e.	X
dem-1059	191	25	-0.16	-0.16	NUM
dem-1059	191	26	%	%	NOUN
dem-1059	191	27	per	per	ADP
dem-1059	191	28	annum	annum	NOUN
dem-1059	191	29	)	)	PUNCT
dem-1059	191	30	.	.	PUNCT
dem-1059	192	1	thus	thus	ADV
dem-1059	192	2	the	the	DET
dem-1059	192	3	sbekk	sbekk	ADJ
dem-1059	192	4	structure	structure	NOUN
dem-1059	192	5	is	be	AUX
dem-1059	192	6	very	very	ADV
dem-1059	192	7	important	important	ADJ
dem-1059	192	8	in	in	ADP
dem-1059	192	9	forecasting	forecasting	NOUN
dem-1059	192	10	.	.	PUNCT
dem-1059	193	1	in	in	ADP
dem-1059	193	2	the	the	DET
dem-1059	193	3	approximated	approximated	ADJ
dem-1059	193	4	var(1)-msf	var(1)-msf	PROPN
dem-1059	193	5	-	-	PUNCT
dem-1059	193	6	sbekk	sbekk	ADJ
dem-1059	193	7	model	model	NOUN
dem-1059	193	8	the	the	DET
dem-1059	193	9	average	average	ADJ
dem-1059	193	10	return	return	NOUN
dem-1059	193	11	is	be	AUX
dem-1059	193	12	equal	equal	ADJ
dem-1059	193	13	to	to	ADP
dem-1059	193	14	0.04	0.04	NUM
dem-1059	193	15	%	%	NOUN
dem-1059	193	16	(	(	PUNCT
dem-1059	193	17	i.e.	i.e.	X
dem-1059	193	18	9.43	9.43	NUM
dem-1059	193	19	%	%	NOUN
dem-1059	193	20	per	per	ADP
dem-1059	193	21	annum	annum	NOUN
dem-1059	193	22	)	)	PUNCT
dem-1059	193	23	.	.	PUNCT
dem-1059	194	1	thus	thus	ADV
dem-1059	194	2	using	use	VERB
dem-1059	194	3	approximation	approximation	NOUN
dem-1059	194	4	in	in	ADP
dem-1059	194	5	the	the	DET
dem-1059	194	6	var(1)-msf	var(1)-msf	PROPN
dem-1059	194	7	-	-	PUNCT
dem-1059	194	8	sbekk	sbekk	NOUN
dem-1059	194	9	leads	lead	VERB
dem-1059	194	10	to	to	ADP
dem-1059	194	11	worse	bad	ADJ
dem-1059	194	12	predictive	predictive	ADJ
dem-1059	194	13	results	result	NOUN
dem-1059	194	14	.	.	PUNCT
dem-1059	195	1	after	after	ADP
dem-1059	195	2	two	two	NUM
dem-1059	195	3	months	month	NOUN
dem-1059	195	4	the	the	DET
dem-1059	195	5	return	return	NOUN
dem-1059	195	6	of	of	ADP
dem-1059	195	7	the	the	DET
dem-1059	195	8	optimal	optimal	ADJ
dem-1059	195	9	portfolio	portfolio	NOUN
dem-1059	195	10	is	be	AUX
dem-1059	195	11	lower	low	ADJ
dem-1059	195	12	than	than	ADP
dem-1059	195	13	the	the	DET
dem-1059	195	14	interest	interest	NOUN
dem-1059	195	15	rate	rate	NOUN
dem-1059	195	16	of	of	ADP
dem-1059	195	17	the	the	DET
dem-1059	195	18	bank	bank	NOUN
dem-1059	195	19	deposit	deposit	NOUN
dem-1059	195	20	,	,	PUNCT
dem-1059	195	21	but	but	CCONJ
dem-1059	195	22	still	still	ADV
dem-1059	195	23	it	it	PRON
dem-1059	195	24	is	be	AUX
dem-1059	195	25	positive	positive	ADJ
dem-1059	195	26	.	.	PUNCT
dem-1059	196	1	note	note	VERB
dem-1059	196	2	that	that	SCONJ
dem-1059	196	3	the	the	DET
dem-1059	196	4	average	average	ADJ
dem-1059	196	5	return	return	NOUN
dem-1059	196	6	of	of	ADP
dem-1059	196	7	equally	equally	ADV
dem-1059	196	8	-	-	PUNCT
dem-1059	196	9	weighted	weight	VERB
dem-1059	196	10	portfolio	portfolio	NOUN
dem-1059	196	11	is	be	AUX
dem-1059	196	12	equal	equal	ADJ
dem-1059	196	13	to	to	ADP
dem-1059	196	14	-0.047	-0.047	PRON
dem-1059	196	15	,	,	PUNCT
dem-1059	196	16	i.e.	i.e.	X
dem-1059	196	17	-11.80	-11.80	NOUN
dem-1059	196	18	%	%	NOUN
dem-1059	196	19	per	per	ADP
dem-1059	196	20	annum	annum	NOUN
dem-1059	196	21	.	.	PUNCT
dem-1059	197	1	conclusions	conclusion	NOUN
dem-1059	197	2	the	the	DET
dem-1059	197	3	paper	paper	NOUN
dem-1059	197	4	investigates	investigate	VERB
dem-1059	197	5	the	the	DET
dem-1059	197	6	predictive	predictive	ADJ
dem-1059	197	7	abilities	ability	NOUN
dem-1059	197	8	of	of	ADP
dem-1059	197	9	the	the	DET
dem-1059	197	10	var(1)-msf	var(1)-msf	PROPN
dem-1059	197	11	-	-	PUNCT
dem-1059	197	12	sbekk	sbekk	ADJ
dem-1059	197	13	model	model	NOUN
dem-1059	197	14	in	in	ADP
dem-1059	197	15	portfolio	portfolio	NOUN
dem-1059	197	16	selection	selection	NOUN
dem-1059	197	17	.	.	PUNCT
dem-1059	198	1	the	the	DET
dem-1059	198	2	predictive	predictive	ADJ
dem-1059	198	3	distributions	distribution	NOUN
dem-1059	198	4	of	of	ADP
dem-1059	198	5	the	the	DET
dem-1059	198	6	optimal	optimal	ADJ
dem-1059	198	7	portfolios	portfolio	NOUN
dem-1059	198	8	produced	produce	VERB
dem-1059	198	9	by	by	ADP
dem-1059	198	10	the	the	DET
dem-1059	198	11	var(1)-msf	var(1)-msf	PROPN
dem-1059	198	12	-	-	PUNCT
dem-1059	198	13	sbekk	sbekk	ADJ
dem-1059	198	14	model	model	NOUN
dem-1059	198	15	are	be	AUX
dem-1059	198	16	compared	compare	VERB
dem-1059	198	17	with	with	ADP
dem-1059	198	18	those	those	PRON
dem-1059	198	19	obtained	obtain	VERB
dem-1059	198	20	in	in	ADP
dem-1059	198	21	unparsimonious	unparsimonious	ADJ
dem-1059	198	22	(	(	PUNCT
dem-1059	198	23	but	but	CCONJ
dem-1059	198	24	more	more	ADV
dem-1059	198	25	probable	probable	ADJ
dem-1059	198	26	a	a	DET
dem-1059	198	27	posterior	posterior	NOUN
dem-1059	198	28	)	)	PUNCT
dem-1059	198	29	msv	msv	PROPN
dem-1059	198	30	specifications	specification	NOUN
dem-1059	198	31	.	.	PUNCT
dem-1059	199	1	the	the	DET
dem-1059	199	2	predictive	predictive	ADJ
dem-1059	199	3	distributions	distribution	NOUN
dem-1059	199	4	of	of	ADP
dem-1059	199	5	the	the	DET
dem-1059	199	6	weights	weight	NOUN
dem-1059	199	7	of	of	ADP
dem-1059	199	8	the	the	DET
dem-1059	199	9	optimal	optimal	ADJ
dem-1059	199	10	portfolios	portfolio	NOUN
dem-1059	199	11	produced	produce	VERB
dem-1059	199	12	by	by	ADP
dem-1059	199	13	the	the	DET
dem-1059	199	14	var(1)-msf	var(1)-msf	PROPN
dem-1059	199	15	-	-	PUNCT
dem-1059	199	16	sbekk	sbekk	ADJ
dem-1059	199	17	model	model	NOUN
dem-1059	199	18	are	be	AUX
dem-1059	199	19	located	locate	VERB
dem-1059	199	20	in	in	ADP
dem-1059	199	21	areas	area	NOUN
dem-1059	199	22	of	of	ADP
dem-1059	199	23	high	high	ADJ
dem-1059	199	24	predictive	predictive	ADJ
dem-1059	199	25	densities	density	NOUN
dem-1059	199	26	obtained	obtain	VERB
dem-1059	199	27	in	in	ADP
dem-1059	199	28	the	the	DET
dem-1059	199	29	best	good	ADJ
dem-1059	199	30	msv	msv	PROPN
dem-1059	199	31	model	model	NOUN
dem-1059	199	32	(	(	PUNCT
dem-1059	199	33	i.e.	i.e.	X
dem-1059	199	34	var(1)-sjsv	var(1)-sjsv	NOUN
dem-1059	199	35	)	)	PUNCT
dem-1059	199	36	.	.	PUNCT
dem-1059	200	1	unfortunately	unfortunately	ADV
dem-1059	200	2	,	,	PUNCT
dem-1059	200	3	in	in	ADP
dem-1059	200	4	all	all	DET
dem-1059	200	5	models	model	NOUN
dem-1059	200	6	the	the	DET
dem-1059	200	7	predictive	predictive	ADJ
dem-1059	200	8	distributions	distribution	NOUN
dem-1059	200	9	of	of	ADP
dem-1059	200	10	the	the	DET
dem-1059	200	11	optimal	optimal	ADJ
dem-1059	200	12	portfolio	portfolio	NOUN
dem-1059	200	13	are	be	AUX
dem-1059	200	14	very	very	ADV
dem-1059	200	15	spread	spread	ADJ
dem-1059	200	16	and	and	CCONJ
dem-1059	200	17	have	have	VERB
dem-1059	200	18	heavy	heavy	ADJ
dem-1059	200	19	tails	tail	NOUN
dem-1059	200	20	.	.	PUNCT
dem-1059	201	1	our	our	PRON
dem-1059	201	2	main	main	ADJ
dem-1059	201	3	finding	finding	NOUN
dem-1059	201	4	is	be	AUX
dem-1059	201	5	that	that	SCONJ
dem-1059	201	6	the	the	DET
dem-1059	201	7	var(1)-msf	var(1)-msf	PROPN
dem-1059	201	8	-	-	PUNCT
dem-1059	201	9	sbekk	sbekk	ADJ
dem-1059	201	10	model	model	NOUN
dem-1059	201	11	is	be	AUX
dem-1059	201	12	useful	useful	ADJ
dem-1059	201	13	(	(	PUNCT
dem-1059	201	14	but	but	CCONJ
dem-1059	201	15	not	not	PART
dem-1059	201	16	very	very	ADV
dem-1059	201	17	impressive	impressive	ADJ
dem-1059	201	18	)	)	PUNCT
dem-1059	201	19	for	for	ADP
dem-1059	201	20	building	build	VERB
dem-1059	201	21	the	the	DET
dem-1059	201	22	multi	multi	ADJ
dem-1059	201	23	-	-	ADJ
dem-1059	201	24	period	period	ADJ
dem-1059	201	25	optimal	optimal	ADJ
dem-1059	201	26	minimum	minimum	ADJ
dem-1059	201	27	conditional	conditional	ADJ
dem-1059	201	28	variance	variance	NOUN
dem-1059	201	29	portfolio	portfolio	NOUN
dem-1059	201	30	.	.	PUNCT
dem-1059	202	1	it	it	PRON
dem-1059	202	2	seems	seem	VERB
dem-1059	202	3	that	that	SCONJ
dem-1059	202	4	the	the	DET
dem-1059	202	5	approximation	approximation	NOUN
dem-1059	202	6	proposed	propose	VERB
dem-1059	202	7	by	by	ADP
dem-1059	202	8	osiewalski	osiewalski	PROPN
dem-1059	202	9	,	,	PUNCT
dem-1059	202	10	pajor	pajor	NOUN
dem-1059	202	11	(	(	PUNCT
dem-1059	202	12	2009	2009	NUM
dem-1059	202	13	)	)	PUNCT
dem-1059	202	14	results	result	NOUN
dem-1059	202	15	in	in	ADP
dem-1059	202	16	worse	bad	ADJ
dem-1059	202	17	predictive	predictive	ADJ
dem-1059	202	18	properties	property	NOUN
dem-1059	202	19	of	of	ADP
dem-1059	202	20	the	the	DET
dem-1059	202	21	var(1)-msf	var(1)-msf	NOUN
dem-1059	202	22	-	-	PUNCT
dem-1059	202	23	bekk	bekk	NOUN
dem-1059	202	24	model	model	NOUN
dem-1059	202	25	,	,	PUNCT
dem-1059	202	26	but	but	CCONJ
dem-1059	202	27	for	for	ADP
dem-1059	202	28	large	large	ADJ
dem-1059	202	29	portfolios	portfolio	NOUN
dem-1059	202	30	this	this	DET
dem-1059	202	31	approximation	approximation	NOUN
dem-1059	202	32	is	be	AUX
dem-1059	202	33	necessary	necessary	ADJ
dem-1059	202	34	.	.	PUNCT
dem-1059	203	1	bayesian	bayesian	NOUN
dem-1059	203	2	optimal	optimal	ADJ
dem-1059	203	3	portfolio	portfolio	NOUN
dem-1059	203	4	selection	selection	NOUN
dem-1059	203	5	in	in	ADP
dem-1059	203	6	the	the	DET
dem-1059	203	7	msf	msf	NOUN
dem-1059	203	8	-	-	PUNCT
dem-1059	203	9	sbekk	sbekk	ADJ
dem-1059	203	10	model	model	NOUN
dem-1059	203	11	53	53	NUM
dem-1059	203	12	references	reference	NOUN
dem-1059	203	13	aguilar	aguilar	PROPN
dem-1059	203	14	,	,	PUNCT
dem-1059	203	15	o.	o.	PROPN
dem-1059	203	16	,	,	PUNCT
dem-1059	203	17	west	west	NOUN
dem-1059	203	18	,	,	PUNCT
dem-1059	203	19	m.	m.	NOUN
dem-1059	203	20	(	(	PUNCT
dem-1059	203	21	2000	2000	NUM
dem-1059	203	22	)	)	PUNCT
dem-1059	203	23	,	,	PUNCT
dem-1059	203	24	bayesian	bayesian	NOUN
dem-1059	203	25	dynamic	dynamic	ADJ
dem-1059	203	26	factor	factor	NOUN
dem-1059	203	27	models	model	NOUN
dem-1059	203	28	and	and	CCONJ
dem-1059	203	29	portfolio	portfolio	NOUN
dem-1059	203	30	allocation	allocation	NOUN
dem-1059	203	31	,	,	PUNCT
dem-1059	203	32	journal	journal	NOUN
dem-1059	203	33	of	of	ADP
dem-1059	203	34	business	business	NOUN
dem-1059	203	35	and	and	CCONJ
dem-1059	203	36	economic	economic	ADJ
dem-1059	203	37	statistics	statistic	NOUN
dem-1059	203	38	,	,	PUNCT
dem-1059	203	39	18	18	NUM
dem-1059	203	40	,	,	PUNCT
dem-1059	203	41	338–357	338–357	NUM
dem-1059	203	42	.	.	PUNCT
dem-1059	204	1	elton	elton	PROPN
dem-1059	204	2	,	,	PUNCT
dem-1059	204	3	j.e	j.e	PROPN
dem-1059	204	4	.	.	PROPN
dem-1059	204	5	,	,	PUNCT
dem-1059	204	6	gruber	gruber	PROPN
dem-1059	204	7	,	,	PUNCT
dem-1059	204	8	m.j	m.j	PROPN
dem-1059	204	9	.	.	PROPN
dem-1059	204	10	(	(	PUNCT
dem-1059	204	11	1991	1991	NUM
dem-1059	204	12	)	)	PUNCT
dem-1059	204	13	,	,	PUNCT
dem-1059	204	14	modern	modern	ADJ
dem-1059	204	15	portfolio	portfolio	NOUN
dem-1059	204	16	theory	theory	NOUN
dem-1059	204	17	and	and	CCONJ
dem-1059	204	18	investment	investment	NOUN
dem-1059	204	19	analysis	analysis	NOUN
dem-1059	204	20	,	,	PUNCT
dem-1059	204	21	john	john	PROPN
dem-1059	204	22	wiley	wiley	PROPN
dem-1059	204	23	&	&	CCONJ
dem-1059	204	24	sons	sons	PROPN
dem-1059	204	25	,	,	PUNCT
dem-1059	204	26	inc	inc	PROPN
dem-1059	204	27	,	,	PUNCT
dem-1059	204	28	new	new	PROPN
dem-1059	204	29	york	york	PROPN
dem-1059	204	30	.	.	PUNCT
dem-1059	205	1	markowitz	markowitz	PROPN
dem-1059	205	2	,	,	PUNCT
dem-1059	205	3	h.m	h.m	PROPN
dem-1059	205	4	.	.	PROPN
dem-1059	205	5	(	(	PUNCT
dem-1059	205	6	1959	1959	NUM
dem-1059	205	7	)	)	PUNCT
dem-1059	205	8	,	,	PUNCT
dem-1059	205	9	portfolio	portfolio	NOUN
dem-1059	205	10	selection	selection	NOUN
dem-1059	205	11	:	:	PUNCT
dem-1059	205	12	efficient	efficient	ADJ
dem-1059	205	13	diversification	diversification	NOUN
dem-1059	205	14	of	of	ADP
dem-1059	205	15	investments	investment	NOUN
dem-1059	205	16	,	,	PUNCT
dem-1059	205	17	new	new	PROPN
dem-1059	205	18	york	york	PROPN
dem-1059	205	19	,	,	PUNCT
dem-1059	205	20	john	john	PROPN
dem-1059	205	21	wiely	wiely	PROPN
dem-1059	205	22	&	&	CCONJ
dem-1059	205	23	sons	sons	PROPN
dem-1059	205	24	,	,	PUNCT
dem-1059	205	25	inc	inc	PROPN
dem-1059	205	26	.	.	PROPN
dem-1059	205	27	newton	newton	PROPN
dem-1059	205	28	,	,	PUNCT
dem-1059	205	29	m.a	m.a	PROPN
dem-1059	205	30	.	.	PROPN
dem-1059	205	31	,	,	PUNCT
dem-1059	205	32	raftery	raftery	PROPN
dem-1059	205	33	,	,	PUNCT
dem-1059	205	34	a.e	a.e	PROPN
dem-1059	205	35	.	.	PROPN
dem-1059	205	36	(	(	PUNCT
dem-1059	205	37	1994	1994	NUM
dem-1059	205	38	)	)	PUNCT
dem-1059	205	39	,	,	PUNCT
dem-1059	205	40	approximate	approximate	ADJ
dem-1059	205	41	bayesian	bayesian	NOUN
dem-1059	205	42	inference	inference	NOUN
dem-1059	205	43	by	by	ADP
dem-1059	205	44	the	the	DET
dem-1059	205	45	weighted	weight	VERB
dem-1059	205	46	likelihood	likelihood	NOUN
dem-1059	205	47	bootstrap	bootstrap	NOUN
dem-1059	205	48	[	[	X
dem-1059	205	49	with	with	ADP
dem-1059	205	50	discussion	discussion	NOUN
dem-1059	205	51	]	]	PUNCT
dem-1059	205	52	,	,	PUNCT
dem-1059	205	53	journal	journal	NOUN
dem-1059	205	54	of	of	ADP
dem-1059	205	55	the	the	DET
dem-1059	205	56	royal	royal	ADJ
dem-1059	205	57	statistical	statistical	ADJ
dem-1059	205	58	society	society	NOUN
dem-1059	205	59	b	b	PROPN
dem-1059	205	60	,	,	PUNCT
dem-1059	205	61	56(1	56(1	NUM
dem-1059	205	62	)	)	PUNCT
dem-1059	205	63	,	,	PUNCT
dem-1059	205	64	3–48	3–48	PROPN
dem-1059	205	65	osiewalski	osiewalski	PROPN
dem-1059	205	66	,	,	PUNCT
dem-1059	205	67	j.	j.	PROPN
dem-1059	205	68	(	(	PUNCT
dem-1059	205	69	2009	2009	NUM
dem-1059	205	70	)	)	PUNCT
dem-1059	205	71	,	,	PUNCT
dem-1059	205	72	new	new	ADJ
dem-1059	205	73	hybrid	hybrid	ADJ
dem-1059	205	74	models	model	NOUN
dem-1059	205	75	of	of	ADP
dem-1059	205	76	multivariate	multivariate	NOUN
dem-1059	205	77	volatility	volatility	NOUN
dem-1059	205	78	(	(	PUNCT
dem-1059	205	79	a	a	DET
dem-1059	205	80	bayesian	bayesian	NOUN
dem-1059	205	81	perspective	perspective	NOUN
dem-1059	205	82	)	)	PUNCT
dem-1059	205	83	,	,	PUNCT
dem-1059	205	84	przegląd	przegląd	PROPN
dem-1059	205	85	statystyczny	statystyczny	PROPN
dem-1059	205	86	(	(	PUNCT
dem-1059	205	87	statistical	statistical	ADJ
dem-1059	205	88	review	review	NOUN
dem-1059	205	89	)	)	PUNCT
dem-1059	205	90	,	,	PUNCT
dem-1059	205	91	56	56	NUM
dem-1059	205	92	,	,	PUNCT
dem-1059	205	93	z.	z.	PROPN
dem-1059	205	94	1	1	NUM
dem-1059	205	95	,	,	PUNCT
dem-1059	205	96	15–22	15–22	NUM
dem-1059	205	97	.	.	PUNCT
dem-1059	206	1	osiewalski	osiewalski	PROPN
dem-1059	206	2	,	,	PUNCT
dem-1059	206	3	j.	j.	PROPN
dem-1059	206	4	,	,	PUNCT
dem-1059	206	5	pajor	pajor	PROPN
dem-1059	206	6	,	,	PUNCT
dem-1059	206	7	a.	a.	NOUN
dem-1059	206	8	(	(	PUNCT
dem-1059	206	9	2007	2007	NUM
dem-1059	206	10	)	)	PUNCT
dem-1059	206	11	,	,	PUNCT
dem-1059	206	12	flexibility	flexibility	NOUN
dem-1059	206	13	and	and	CCONJ
dem-1059	206	14	parsimony	parsimony	NOUN
dem-1059	206	15	in	in	ADP
dem-1059	206	16	multivariate	multivariate	NOUN
dem-1059	206	17	financial	financial	ADJ
dem-1059	206	18	modelling	modelling	NOUN
dem-1059	206	19	:	:	PUNCT
dem-1059	206	20	a	a	DET
dem-1059	206	21	hybrid	hybrid	ADJ
dem-1059	206	22	bivariate	bivariate	ADJ
dem-1059	206	23	dcc	dcc	PROPN
dem-1059	206	24	–	–	PUNCT
dem-1059	206	25	sv	sv	PROPN
dem-1059	206	26	model	model	NOUN
dem-1059	206	27	,	,	PUNCT
dem-1059	206	28	[	[	X
dem-1059	206	29	in	in	ADP
dem-1059	206	30	:]	:]	PUNCT
dem-1059	206	31	financial	financial	ADJ
dem-1059	206	32	markets	market	NOUN
dem-1059	206	33	.	.	PUNCT
dem-1059	207	1	principles	principle	NOUN
dem-1059	207	2	of	of	ADP
dem-1059	207	3	modeling	modeling	NOUN
dem-1059	207	4	,	,	PUNCT
dem-1059	207	5	forecasting	forecasting	NOUN
dem-1059	207	6	and	and	CCONJ
dem-1059	207	7	decision	decision	NOUN
dem-1059	207	8	-	-	PUNCT
dem-1059	207	9	making	making	NOUN
dem-1059	207	10	(	(	PUNCT
dem-1059	207	11	findecon	findecon	PROPN
dem-1059	207	12	monograph	monograph	PROPN
dem-1059	207	13	series	series	PROPN
dem-1059	207	14	no.3	no.3	PROPN
dem-1059	207	15	)	)	PUNCT
dem-1059	207	16	,	,	PUNCT
dem-1059	208	1	[	[	X
dem-1059	208	2	ed	ed	X
dem-1059	208	3	.	.	PUNCT
dem-1059	208	4	:]	:]	PROPN
dem-1059	208	5	w.	w.	PROPN
dem-1059	208	6	milo	milo	PROPN
dem-1059	208	7	,	,	PUNCT
dem-1059	208	8	p.	p.	PROPN
dem-1059	208	9	wdowiński	wdowiński	PROPN
dem-1059	208	10	,	,	PUNCT
dem-1059	208	11	łódź	łódź	PROPN
dem-1059	208	12	university	university	PROPN
dem-1059	208	13	press	press	PROPN
dem-1059	208	14	,	,	PUNCT
dem-1059	208	15	łódź	łódź	PROPN
dem-1059	208	16	,	,	PUNCT
dem-1059	208	17	11–26	11–26	NUM
dem-1059	208	18	.	.	PUNCT
dem-1059	209	1	osiewalski	osiewalski	PROPN
dem-1059	209	2	,	,	PUNCT
dem-1059	209	3	j.	j.	PROPN
dem-1059	209	4	,	,	PUNCT
dem-1059	209	5	pajor	pajor	PROPN
dem-1059	209	6	,	,	PUNCT
dem-1059	209	7	a.	a.	NOUN
dem-1059	209	8	(	(	PUNCT
dem-1059	209	9	2009	2009	NUM
dem-1059	209	10	)	)	PUNCT
dem-1059	209	11	,	,	PUNCT
dem-1059	209	12	bayesian	bayesian	NOUN
dem-1059	209	13	analysis	analysis	NOUN
dem-1059	209	14	for	for	ADP
dem-1059	209	15	hybrid	hybrid	ADJ
dem-1059	209	16	msf	msf	NOUN
dem-1059	209	17	–	–	PUNCT
dem-1059	209	18	sbekk	sbekk	ADJ
dem-1059	209	19	models	model	NOUN
dem-1059	209	20	of	of	ADP
dem-1059	209	21	multivariate	multivariate	NOUN
dem-1059	209	22	volatility	volatility	NOUN
dem-1059	209	23	,	,	PUNCT
dem-1059	209	24	central	central	ADJ
dem-1059	209	25	european	european	ADJ
dem-1059	209	26	journal	journal	NOUN
dem-1059	209	27	of	of	ADP
dem-1059	209	28	economic	economic	ADJ
dem-1059	209	29	modelling	modelling	NOUN
dem-1059	209	30	and	and	CCONJ
dem-1059	209	31	econometrics	econometric	NOUN
dem-1059	209	32	,	,	PUNCT
dem-1059	209	33	1(2	1(2	NUM
dem-1059	209	34	)	)	PUNCT
dem-1059	209	35	,	,	PUNCT
dem-1059	209	36	179–202	179–202	NUM
dem-1059	209	37	.	.	PUNCT
dem-1059	210	1	pajor	pajor	PROPN
dem-1059	210	2	,	,	PUNCT
dem-1059	210	3	a.	a.	NOUN
dem-1059	210	4	(	(	PUNCT
dem-1059	210	5	2009	2009	NUM
dem-1059	210	6	)	)	PUNCT
dem-1059	210	7	,	,	PUNCT
dem-1059	210	8	bayesian	bayesian	NOUN
dem-1059	210	9	portfolio	portfolio	NOUN
dem-1059	210	10	selection	selection	NOUN
dem-1059	210	11	with	with	ADP
dem-1059	210	12	msv	msv	PROPN
dem-1059	210	13	models	model	NOUN
dem-1059	210	14	,	,	PUNCT
dem-1059	210	15	przegląd	przegląd	PROPN
dem-1059	210	16	statystyczny	statystyczny	PROPN
dem-1059	210	17	(	(	PUNCT
dem-1059	210	18	statistical	statistical	ADJ
dem-1059	210	19	review	review	NOUN
dem-1059	210	20	)	)	PUNCT
dem-1059	210	21	,	,	PUNCT
dem-1059	210	22	56	56	NUM
dem-1059	210	23	,	,	PUNCT
dem-1059	210	24	z.	z.	PROPN
dem-1059	210	25	1	1	NUM
dem-1059	210	26	,	,	PUNCT
dem-1059	210	27	40–55	40–55	NUM
dem-1059	210	28	.	.	PUNCT
dem-1059	211	1	bayesowska	bayesowska	PROPN
dem-1059	211	2	optymalizacja	optymalizacja	PROPN
dem-1059	211	3	portfela	portfela	PROPN
dem-1059	211	4	w	w	PROPN
dem-1059	211	5	modelu	modelu	PROPN
dem-1059	211	6	msf	msf	PROPN
dem-1059	211	7	-	-	PROPN
dem-1059	211	8	sbekk	sbekk	PROPN
dem-1059	211	9	z	z	PROPN
dem-1059	212	1	a	a	DET
dem-1059	212	2	r	r	NOUN
dem-1059	212	3	y	y	PROPN
dem-1059	212	4	s	s	PROPN
dem-1059	212	5	t	t	NOUN
dem-1059	212	6	r	r	NOUN
dem-1059	212	7	e	e	PROPN
dem-1059	212	8	ś	ś	PROPN
dem-1059	212	9	c	c	PROPN
dem-1059	212	10	i.	i.	PROPN
dem-1059	212	11	celem	celem	PROPN
dem-1059	212	12	artykułu	artykułu	PROPN
dem-1059	212	13	jest	jest	PROPN
dem-1059	212	14	analiza	analiza	PROPN
dem-1059	212	15	prognostycznych	prognostycznych	PROPN
dem-1059	212	16	własności	własności	PROPN
dem-1059	212	17	bayesowskiego	bayesowskiego	PROPN
dem-1059	212	18	modelu	modelu	PROPN
dem-1059	212	19	msf	msf	PROPN
dem-1059	212	20	-	-	PROPN
dem-1059	212	21	sbekk	sbekk	PROPN
dem-1059	213	1	w	w	PROPN
dem-1059	213	2	kontekście	kontekście	PROPN
dem-1059	213	3	wyboru	wyboru	PROPN
dem-1059	213	4	optymalnego	optymalnego	PROPN
dem-1059	213	5	portfela	portfela	ADP
dem-1059	213	6	inwestycyjnego	inwestycyjnego	NOUN
dem-1059	213	7	.	.	PUNCT
dem-1059	214	1	wykorzystywany	wykorzystywany	PROPN
dem-1059	214	2	w	w	PROPN
dem-1059	214	3	artykule	artykule	PROPN
dem-1059	214	4	wielowymiarowy	wielowymiarowy	PROPN
dem-1059	214	5	proces	proces	PROPN
dem-1059	214	6	msf	msf	PROPN
dem-1059	214	7	-	-	PUNCT
dem-1059	214	8	sbekk	sbekk	ADJ
dem-1059	214	9	posiada	posiada	PROPN
dem-1059	214	10	elementy	elementy	ADJ
dem-1059	214	11	struktury	struktury	NOUN
dem-1059	214	12	skalarnego	skalarnego	VERB
dem-1059	214	13	procesu	procesu	PROPN
dem-1059	214	14	bekk	bekk	PROPN
dem-1059	214	15	oraz	oraz	PROPN
dem-1059	214	16	procesu	procesu	PROPN
dem-1059	214	17	msf	msf	PROPN
dem-1059	214	18	.	.	PUNCT
dem-1059	215	1	obecność	obecność	PROPN
dem-1059	215	2	,	,	PUNCT
dem-1059	215	3	w	w	PROPN
dem-1059	215	4	jego	jego	PROPN
dem-1059	215	5	definicji	definicji	PROPN
dem-1059	215	6	,	,	PUNCT
dem-1059	215	7	odrębnego	odrębnego	ADJ
dem-1059	215	8	czynnika	czynnika	PROPN
dem-1059	215	9	losowego	losowego	PROPN
dem-1059	215	10	pozwala	pozwala	PROPN
dem-1059	215	11	lepiej	lepiej	PROPN
dem-1059	215	12	opisywać	opisywać	PROPN
dem-1059	215	13	zjawisko	zjawisko	PROPN
dem-1059	215	14	grubych	grubych	PROPN
dem-1059	215	15	ogonów	ogonów	PROPN
dem-1059	215	16	,	,	PUNCT
dem-1059	215	17	zaś	zaś	PROPN
dem-1059	215	18	w	w	PROPN
dem-1059	215	19	strukturze	strukturze	PROPN
dem-1059	215	20	sbekk	sbekk	PROPN
dem-1059	215	21	uzależnia	uzależnia	PROPN
dem-1059	215	22	się	się	PROPN
dem-1059	215	23	warunkowe	warunkowe	PROPN
dem-1059	215	24	wariancje	wariancje	PROPN
dem-1059	215	25	oraz	oraz	PROPN
dem-1059	215	26	warunkowe	warunkowe	PROPN
dem-1059	215	27	korelacje	korelacje	PROPN
dem-1059	215	28	od	od	PROPN
dem-1059	215	29	przeszłych	przeszłych	ADJ
dem-1059	215	30	wartości	wartości	PROPN
dem-1059	215	31	procesu	procesu	PROPN
dem-1059	215	32	.	.	PUNCT
dem-1059	216	1	proces	proces	PROPN
dem-1059	216	2	msf	msf	PROPN
dem-1059	216	3	-	-	PUNCT
dem-1059	216	4	sbekk	sbekk	ADJ
dem-1059	216	5	posiada	posiada	NOUN
dem-1059	216	6	zatem	zatem	NOUN
dem-1059	216	7	nietrywialną	nietrywialną	NOUN
dem-1059	216	8	strukturę	strukturę	NOUN
dem-1059	216	9	i	i	PROPN
dem-1059	216	10	może	może	PROPN
dem-1059	216	11	być	być	PROPN
dem-1059	216	12	wykorzystany	wykorzystany	PROPN
dem-1059	216	13	do	do	VERB
dem-1059	216	14	opisu	opisu	PROPN
dem-1059	216	15	zależności	zależności	PROPN
dem-1059	216	16	miedzy	miedzy	PROPN
dem-1059	216	17	stopami	stopami	PROPN
dem-1059	216	18	zwrotu	zwrotu	PROPN
dem-1059	216	19	kilkudziesięciu	kilkudziesięciu	PROPN
dem-1059	216	20	(	(	PUNCT
dem-1059	216	21	a	a	DET
dem-1059	216	22	nawet	nawet	PROPN
dem-1059	216	23	kilkuset	kilkuset	PROPN
dem-1059	216	24	)	)	PUNCT
dem-1059	216	25	instrumentów	instrumentów	NOUN
dem-1059	216	26	finansowych	finansowych	NOUN
dem-1059	216	27	.	.	PUNCT
dem-1059	217	1	w	w	PROPN
dem-1059	217	2	artykule	artykule	PROPN
dem-1059	217	3	dokonane	dokonane	PROPN
dem-1059	217	4	zostało	zostało	PROPN
dem-1059	217	5	porównanie	porównanie	PROPN
dem-1059	217	6	prognoz	prognoz	PROPN
dem-1059	217	7	uzyskanych	uzyskanych	VERB
dem-1059	217	8	w	w	PROPN
dem-1059	217	9	dwuwymiarowym	dwuwymiarowym	PROPN
dem-1059	217	10	modelu	modelu	PROPN
dem-1059	217	11	msf	msf	PROPN
dem-1059	217	12	-	-	PUNCT
dem-1059	217	13	sbekk	sbekk	PROPN
dem-1059	217	14	oraz	oraz	PROPN
dem-1059	217	15	w	w	PROPN
dem-1059	217	16	innych	innych	PROPN
dem-1059	217	17	modelach	modelach	NOUN
dem-1059	217	18	z	z	PROPN
dem-1059	217	19	klasy	klasy	PROPN
dem-1059	217	20	msv	msv	PROPN
dem-1059	217	21	na	na	PART
dem-1059	217	22	przykładzie	przykładzie	ADJ
dem-1059	217	23	portfela	portfela	ADP
dem-1059	217	24	walutowego	walutowego	NOUN
dem-1059	217	25	,	,	PUNCT
dem-1059	217	26	złożonego	złożonego	PROPN
dem-1059	217	27	z	z	PROPN
dem-1059	217	28	kursu	kursu	PROPN
dem-1059	217	29	dolara	dolara	PROPN
dem-1059	217	30	amerykańskiego	amerykańskiego	PROPN
dem-1059	217	31	oraz	oraz	PROPN
dem-1059	217	32	euro	euro	PROPN
dem-1059	217	33	.	.	PUNCT
dem-1059	218	1	uzyskane	uzyskane	PROPN
dem-1059	218	2	wyniki	wyniki	PROPN
dem-1059	218	3	wskazują	wskazują	VERB
dem-1059	218	4	na	na	PROPN
dem-1059	218	5	dobre	dobre	PROPN
dem-1059	218	6	własności	własności	PROPN
dem-1059	218	7	prognostyczne	prognostyczne	PROPN
dem-1059	218	8	modelu	modelu	PROPN
dem-1059	218	9	msfsbekk	msfsbekk	PROPN
dem-1059	218	10	,	,	PUNCT
dem-1059	218	11	choć	choć	PROPN
dem-1059	218	12	uproszczenia	uproszczenia	PROPN
dem-1059	218	13	w	w	PROPN
dem-1059	218	14	sposobie	sposobie	PROPN
dem-1059	218	15	jego	jego	PROPN
dem-1059	218	16	estymacji	estymacji	PROPN
dem-1059	218	17	mogą	mogą	PROPN
dem-1059	218	18	je	je	PROPN
dem-1059	218	19	pogarszać	pogarszać	PROPN
dem-1059	218	20	.	.	PUNCT
dem-1059	219	1	s	s	PART
dem-1059	219	2	ł	ł	PROPN
dem-1059	219	3	o	o	X
dem-1059	219	4	w	w	NOUN
dem-1059	219	5	a	a	DET
dem-1059	219	6	k	k	X
dem-1059	219	7	l	l	NOUN
dem-1059	219	8	u	u	NOUN
dem-1059	220	1	c	c	NOUN
dem-1059	220	2	z	z	NOUN
dem-1059	220	3	o	o	X
dem-1059	220	4	w	w	PROPN
dem-1059	221	1	e	e	NOUN
dem-1059	221	2	:	:	PUNCT
dem-1059	221	3	model	model	PROPN
dem-1059	221	4	msf	msf	PROPN
dem-1059	221	5	-	-	PUNCT
dem-1059	221	6	sbekk	sbekk	PROPN
dem-1059	221	7	,	,	PUNCT
dem-1059	221	8	modele	modele	PROPN
dem-1059	221	9	msv	msv	PROPN
dem-1059	221	10	,	,	PUNCT
dem-1059	221	11	analiza	analiza	PROPN
dem-1059	221	12	portfelowa	portfelowa	PROPN
dem-1059	221	13	,	,	PUNCT
dem-1059	221	14	prognoza	prognoza	PROPN
dem-1059	221	15	.	.	PUNCT