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Leading each division will be veteran generals each with a command staff hand-picked to be the best of the best.

每个部门领导将老将领，每一个指挥的工作人员一手提拔的要最好的。

Headmistress: Well, we give our best students the best chance at success.

我们给最好的学生以最大的成功可能。

The best way to prevent the heat radiation is to block it back, the best heat reflective material is a mirror.

的最好办法，以防止热辐射是阻止回来，最好的热反射材料是一面镜子。

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

HERZOG: When you work, with which fingers do you work best or point best?

你工作时哪个手指最好用？

By introducing a weight function, a best extension of Hilbert integral inequlity and the reverse form are given. The constant factor of the two inequalities is proved to be the best.

引入单参数及估算权函数，给出一个核为－λ齐次的新的Hilbert型积分不等式及与之对应的逆向积分不等式，并证明这两个不等式的常数因子是最佳的。

I also have four best friends they are called Alana Morrish, Sowenna Lloyd, Martha Rail and Alison Hocking. Who is your best friends?

我还有其他的老师，一个是Selby小姐，还有一个是Thomas小姐，我有4个最好的朋友，他们分别是Alana Morrish， Sowenna Lloyd， Martha Rail 和 Alison Hocking谁是你最好的朋友？

Here, in the home-brewed world of a midnight hacker, was the first bit of testable proof for hoary ecological wisdom: that what is best for an individual ain't necessarily best for the species.

在午夜黑客自行酝酿的世界中，对古老的生物智慧有这样一个最重要的检验证明：对个体而言是最好的，对物种而言不一定是最好的。

That means when you order our Honeywell filters, you get the best quality and the best efficiency.

这意味着当您订购我们产品，将得到最好的质量和最佳的效率。

The Growers was also the best of the best in the show and The Houghton Wine Company was the most successful exhibitor.

种植者庄园还是这次展览上的王中之王，休顿葡萄酒公司被评为最成功参展商。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。