起步

REITs, Taiwan is way behind very much; the type of merchandize and figure are also inferior to U.S.A. far , regarding Taiwan as the difficulty that the research object has materials to collect , so research this choose the monthly REITs rate of returns of U.S.A between July of 1983 and June of 2006 , and make use of ARMA-GARCH model on the time series to estimate the expand inflation and uncertainty of expecting to inflation. Moreover, by assaying and revising a false return question of parameter with VAR model and Granger cause and effect, studying the relation of REITs rate of returns, inflation and unexpecting inflation. Furthermore, discussing if the invest in REITs would be effected of resist the inflation; hoping this studying would be the reference of REITs remuneration for Taiwan in the future. The following informations contain the whole result of studying

然而台湾相较於美国REITs起步较晚，商品种类与数目亦远不及美国，以台湾为研究对象有资料搜集之困难，故本研究选取美国1983年7月~ 2006年6月之月REITs报酬率，并利用时间序列上之ARMA-GARCH模型来估计预期通膨及通膨不确定性；及以VAR模型及Granger因果检定修正变数间假性回归问题，研究REITs报酬率与通膨及通膨不确定间之关系，及探讨投资於REITs是否具有抗通膨之效果，希望作为未来台湾研究REITs报酬之参考，兹将研究结果汇整如下

Deeply influenced by the traditional property management in the form of planned economy and the unfavored weather, the management in Harbin arose and developed late and slowly, which therefore leads to the late appearance of the appropriate model to go along with it.

哈尔滨市的物业企业管理受传统的计划经济管房模式影响较深，由于经济体制改革起步晚、发展慢，导致哈尔滨市的物业管理企业壮大并形成行业的时间较晚，加之地域气候等不利因素影响，适宜哈尔滨市的较为统一的物业管理模式没有形成。

With the fact of the unmature F1 maket of China, this article also suggestes, in order to promote the development of F1 industry, people should invest companies like FOA to develop the whole car-racing market firstly.

本文认为，在当前我国 F1产业刚起步的条件下，应当借鉴 FOA 的模式，投资发展赛事管理类公司，以培养赛车市场为目标，从而为 F1 产业的发展创造盈利空间。

Right bower?Strange autobiography of the Willer 》 become popular the global commercial circles, make further understanding in world six west space Mary's manage, also making Chinese entrepreneurs feel its huge magic power, six west space management of the road of China start the quick start and developments.

杰克·韦尔奇自传》风靡全球商界，使世界进一步认识了六西格玛管理，也使中国企业家们感受到了它巨大的魅力，六西格玛管理的中国之路开始迅速起步和发展。

Shutford plush and Woodstock gloves were well-known, and the world-famous Witney Blanket industry started in the 17th century.

Shutford 的长毛绒与 Woodstock 的手套非常出名，而世界著名的威特尼毛毯工业在17世纪起步。

We are sorry to say that kubrick Friday live has to take a short break. We will not have any shows in June or July, as all of us have to prepare for the annual Hong Kong Bookfair. But we will be ready to roll again in August and brings you better live music.

不过， kubrick Friday live要先跟各位暂别一下，六月及七月将不会有kubrick Friday live，因为kubrick忙著为一年一度的香港书展做好准备，但是，我们会在八月份重新起步，再为大家带来好听好看的演出。

Teachers may suggest a few websites to students as a cut-in point.

老师可向同学推荐部分网站作为起步点。

The CGI, a sort of "Philanthropy Oscars"launched in 2005, is Mr Clinton's annual pulpit to evangelise a philanthropic boom that he says is still only in its early stages.

2005年启动的CGI可谓是&慈善奥斯卡&，克林顿每年都要以此为讲坛，向人们宣扬慈善业正在飞速发展但才刚刚起步。

China yesterday signalled it was prepared to accept foreign private equity groups, following last week's introduction of a law to encourage its fledgeling domestic private equity industry.

中国方面昨日暗示，中国准备接受外国私人股本集团。此前，中国政府上周颁布了一项立法，鼓励刚刚起步的国内私人股本行业发展。

Even countries like Uganda, which are go-ahead about the internet, start from a very low base.

甚至像乌干达一样在网络方面走在前列的国家，还仍是从很低的基础起步。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。