偏分母

Chapter 4 is the central part of this dissertation, where the bayes bilateral integrated moment is established on the base of Bayes theory, downside risk and upside potential. According to the variation coefficient which is based on the M-V approach, we substitute lower partial moment for the numerator of variation coefficient, and use higher partial moment as the substitute of the denominator, then we got bilateral integrated moment. Subsequently, through Bayes method we can absorb new information, revise the return distribution from transcendental distribution to posterior distribution, so we got bayes bilateral integrated moment.

第四章是本文的核心部分，在简要介绍Bayes理论、下方风险和上行潜能的基础上，仿照来源于Markowitz的均值——方差理论的变异系数方法，以下偏矩取代其分子部分，以上行潜能取代其分母部分，设计了双侧综合矩方法，接着再引入Bayes方法，吸纳新信息，采用后验概率，设计了Bayes双侧综合矩方法，并在理论上说明了新方法的优越性。

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。