ABSTRACT
This chapter explains numerical examples, applying theories introduced in previous chapters. It introduces additional practical new theories relevant to portfolio analysis. The chapter provides various numerical studies to investigate the accuracy of the portfolio estimators. It explores amultiperiod effect in portfolio analysis. The chapter outlines a portfolio analysis for the Japanese government pension investment fund. It suggests that the reserve fund is defined in terms of the random rtfoliost rate and the expected future obligations, and considers optimal portfolios by optimizing the randomized reserve fund. The chapter explores the relationship between SpecEnv and the diversification index and also provides a procedure to estimate a portfolio for the spectral density of categorical time series data. It describes the numerical example as a continuous time series data analysis.
