预期

This paper puts forward a univariate AR(1) model that relates stock price,stock returns and dividends to study stock returns autocorrelation function, and adoptsa variance decomposition to analyze variation between expected steek returns and unexpeetedstock returns.

提出一种联系股票价格、股票收益及股息的单变量回归模型来研究股票收益的自校正，并采用变量分解法探讨股票预期收益与非预期收益两者之间的变动关系。

Looking forward, value retailers must meet aggressive Wall Street expectations for growth that are already embedded in their stock price and account for up to 70 percent of current stock values.

展望未来，价值零售商必须要达到华尔街对他们强劲增长的预期。这个预期以及体现在他们的股票价格和他们高达70％的股票价值。

Even though the World Bank and other forecasters still expect China's GDP to grow by 7.5% in 2009, that is below the 8% level regarded, almost superstitiously, as essential if huge social dislocation is to be avoided.

即使世界银行和其他预测机构仍然预期中国的GDP在2009年有7.5%的增长，但仍低于8%的预期水平。而这个数值被迷信地认为是消除社会混乱所需要的底线。

It is a kind of anticipation that does not have systematic error, it is the forecasts a result to agree anticipation of the theory that uses with place, model.

它是一种无系统偏差的预期，是与所使用的理论、模型的预测结果一致的预期。

An added thoracoplasty to the thoracotomy approach, however, resulted in even greater residual reduction in PFTs at follow-up, with declines in percent-predicted FVC of 15%, percent-predicted FEV1 of 14%, and percent-predicted TLC of 8%.

然而，在开胸手术基础上增加的胸廓成形术反而导致术后肺功能的恢复减慢，预期最大通气量降低了15%，预期用力呼气量降低了14%，肺总量降低了8%。

An added thoracoplasty to the thoracotomy approach, howeer, resulted in een greater residual reduction in PFTs at follow-up, with declines in percent-predicted FC of 15%, percent-predicted FE1 of 14%, and percent-predicted TLC of 8%.

然而，在开胸手术基础上增加的胸廓成形术反而导致术后肺功能的恢复减慢，预期最大通气量降低了15%，预期用力呼气量降低了14%，肺总量降低了8%。

In this connection, policy contradictions resulting from the 'Policy Trilemma' proposed by Mundell-Fleming are examined to analyze the cost of gradualist capital account openness, such as capital flight in anticipation of currency devaluation and excess capital inflow coupled with asset appreciation spawned by currency revaluation.

本文首先以蒙代尔-弗莱明"三元悖论"导致的政策冲突分析了资本账户渐进开放的成本，如货币贬值预期下的资本外逃、货币升值预期情况下的资本过度流入以及资产价格上升等。

Nearly half of those firms that reported 2008 results have undershot analysts' consensus forecasts, while only about a quarter have performed better, according to Macquarie Research.

据麦格理的数据显示，公布了2008年收益报告的公司中有近一半不及分析师的普遍预期，只有约四分之一的企业收益高于预期。

An entrepreneur, who has to reach a practical decision as to his scale of production, does not, of course, entertain a single undoubting expectation of what the sale-proceeds of a given output will be, but several hypothetical expectations held with varying degrees of probability and definiteness.

据上所述，在技术，资源和单位就业量的要素成本既定的情形下，每一单个厂商和行业以及整个社会的就业量取决于企业家预期能从相应产出35中获取的收益额，因为企业家会尽力把就业量固定在能使预期收益超过要素成本的部分最大化的水平。

But from a systems point of view , problems have multiple causes, and decisions have intended and unintended consequences.

但从系统的观念看，问题有多种原因，决策有预期的和非预期的结果。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。