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NEW QUESTION: 1
Arrange the process for defining a global user-defined function in the correct sequence. (1) Define user-defined functions in the function library. (2) Create a function library. (3) Use (global) user-defined functions from the function library in the message mapping. (4) Include the function library in the message mapping.
Choose the correct answer.
A. (4),(l),(3),(2)
B. (3),(4),(2),(1)
C. (2),(1),(4),(3)
D. (1),(4),(3),(2)
Answer: C

NEW QUESTION: 2
A company runs an international travel and bookings management service. The company plans to begin offering restaurant bookings. You must develop a solution that uses Azure Search and meets the following requirements:
* Users must be able to search for restaurants by name, description, location, and cuisine.
* Users must be able to narrow the results further by location, cuisine, rating, and family-friendliness.
* All words in descriptions must be included in searches.
You need to add annotations to the restaurant class.
How should you complete the code segment? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.


Answer:
Explanation:

Explanation:
Box 1: [IsSearchable.IsFilterable.IsSortable,IsFacetable]
Location
Users must be able to search for restaurants by name, description, location, and cuisine.
Users must be able to narrow the results further by location, cuisine, rating, and family-friendliness.
Box 2: [IsSearchable.IsFilterable.IsSortable,Required]
Description
Users must be able to search for restaurants by name, description, location, and cuisine.
All words in descriptions must be included in searches.
Box 3: [IsFilterable,IsSortable,IsFaceTable]
Rating
Users must be able to narrow the results further by location, cuisine, rating, and family-friendliness.
Box 4: [IsSearchable.IsFilterable,IsFacetable]
Cuisines
Users must be able to search for restaurants by name, description, location, and cuisine.
Users must be able to narrow the results further by location, cuisine, rating, and family-friendliness.
Box 5: [IsFilterable,IsFacetable]
FamilyFriendly
Users must be able to narrow the results further by location, cuisine, rating, and family-friendliness.
References:
https://www.henkboelman.com/azure-search-the-basics/

NEW QUESTION: 3
Lucy Sakata, CFA and Gary Lowenstein, CFA are portfolio managers for the Murray Funds, a provider of investment funds to institutional and wealthy individual investors. Murray frequently indexes in developed markets, but uses full blown active management in less efficient markets and when they think their analysts have a particular expertise. The vast majority of Murray's clients attempt to minimize tracking error.
One of the Murray's funds invests in a Hong Kong index and is marketed as a way for investors to participate in the growth of the Asian economies. The index represents the best known Hong Kong stocks and Murray uses a full replication strategy for the fund. The index is a market cap-weighted index and ten firms represent over 70% of the index's total market cap_Sakata would like to market the Hong Kong fund to institutions with a required minimum investment of $50 million. Many potential clients are institutions who outsource their foreign equity management and are subject to maximum holdings on individual stocks.
Murray also has a Canada fund that invests in an index which represents the 25 largest cap stocks in Canada. It is marketed as a way for investors to exploit the growth in demand for commodities. The index adjusts for stock splits and repurchases as necessary. Most of the index's return has come from capital gains, rather than dividends, due to the tremendous increase in global demand for commodities. To encourage long-term holding, Murray places a back-end load of 3% on fund redemptions that are made within two years of initial investment.
Sakata and Lowenstein discuss the fundamental law of active management and how it applies to three hypothetical managers who invest against the broad large-cap U.S. market, as represented by the S&P
500 index.
* Manager A under-weights and over-weights the 500 individual stocks of the S&P 500 index as she sees appropriate, keeping industry exposures similar to those of the index. She has an information coefficient of
0.05 and is restricted to long-only positions.
* Manager B holds cash and long S&P 500 futures. He tries to generate excess returns by altering the duration of the cash position and has an information coefficient of 0.05.
* Manager C has an information coefficient of 0.07, and she uses a long-short strategy for the 500 stocks in the S&P 500 index.
Sakata is consulting with the trustees of the Powell Foundation. The foundation has a position in the three Murray funds described in Exhibit 1 below.
Exhibit 1: Powell Foundation Holdings

Murray has a value fund that invests in stocks in the U.S. Lowenstein is considering several equity style index providers as a benchmark for the fund. The characteristics of the index providers and the methodologies they use to construct equity style indices are described in Exhibit 2 below.
Exhibit 2: Comparison of Index Providers

In regard to the index providers, Lowenstein makes the following statements:
Statement 1: "I would like to use the indices from either provider in a returns-based style analysis. Based on the information in the table, I believe that if I regress a value manager's returns against Provider B's indices, the manager's selection return will appear artificially large." Statement 2: "If an index provider uses buffering rules, a fund tracking that index will experience lower transactions costs." Determine whether the statements made by Lowenstein on the construction of equity style indices are correct or incorrect.
A. Both statements are correct.
B. Only Statement 2 is correct.
C. Only Statement 1 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Statement 1 is correct. In the case of Provider B, there is no neutral category for firms that are not clearly value or growth. In the case of Provider A, the categories of value and growth are more distinct.
Regressing a value manager's returns against Provider As indices will show a strong relationship to one or both of the value categories. The regression will have a high R2 and a high style fit.
Regressing value manager's returns against Provider B s indices will not show as strong a relationship to the value category. The proportion of the manager's return not explained by the style indices, the difference between the portfolio return and the returns on the style indices, will be relatively high. This difference represents the selection or active return. The manager will appear co be earning returns from active management, but this will actually be due to the indistinct nature of the indices and the low R- square.
Statement 2 is also correct. When an index has buffering rules, a stock is not immediately moved co a different style category when its style characteristics have slightly changed. The presence of buffering means that there will be less turnover in the style indices and, hence, lower transactions costs from rebalancing for managers tracking the index. (Study Session L1, LOS 33.i and j)