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블랙-리터만 포트폴리오 모형×최소제곱법(OLS) 회귀×
분야재무학계량경제학
계열Regression modelRegression model
기원 연도19922019
창시자Fischer Black & Robert LittermanWooldridge (textbook treatment); classical least squares
유형Bayesian portfolio allocation modelLinear regression
원전Black, F. & Litterman, R. (1992). Global Portfolio Optimization. Financial Analysts Journal, 48(5), 28-43. DOI ↗Wooldridge, J. M. (2019). Introductory Econometrics: A Modern Approach (7th ed.). Cengage Learning. ISBN: 978-1337558860
별칭Black-Litterman, BL model, Black-Litterman Portföy Modeliordinary least squares, classical linear regression, linear regression, en küçük kareler regresyonu
관련55
요약The Black-Litterman model, introduced by Fischer Black and Robert Litterman in 1992, is a Bayesian portfolio allocation framework that blends market-equilibrium returns with an investor's own views to produce more stable, intuitive portfolios. It was designed to cure the extreme concentration and input sensitivity of classical Markowitz mean-variance optimisation.Ordinary Least Squares is the classical linear regression method that explains a continuous outcome as a linear combination of predictors. It estimates the coefficients by minimising the sum of squared residuals, and under the Gauss-Markov assumptions these estimates are the best linear unbiased estimator (BLUE).
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