It is pretty well explained by fundamental factors.
House prices were almost 30% higher than could be explained by fundamental factors such as disposable income, interest rates and working-age population.These findings are not shocking given the extraordinary house-price boom of the past decade.
They are also high compared with rents, which undermines the argument that the increase in property prices has been driven by low homebuilding rates.The International Monetary Fund reckons that Britain's house prices are almost 30% higher than can be explained by fundamental factors such as disposable income, interest rates and the size of the working-age population.
The pedestrian flow characteristics in congested and uncongested conditions can be well explained by Fundamental Diagrams (FDs) which shows the relationship between speed-flow-density.
There is, however, "a serious disconnect when we move over to the world of the financial markets, where chaos reigns," Stein writes, adding that many events simply cannot be explained by fundamental market forces.
On the other hand, the finding that prominent tachyzoite MIC complexes are not expressed in merozoites, could be explained by fundamental differences in their mode of gliding motility and cell invasion in contrast to the extraintestinal developmental stages.
The paradigm case for an exogenous decline in the market — that is, one which is not well explained by economic fundamentals — is Black Monday, the Oct. 19, 1987 crash in which the Dow Jones lost almost 23 percent of its value for reasons that remain poorly understood by traders, economists, and mathematicians.
"California's consumers are all too familiar with energy price spikes which cannot be explained by market fundamentals and which turn out years later to have been the result of malicious and manipulative trading activity," Ms. Feinstein, a Democrat, wrote in a letter to the commission's chairman.
(2016) question whether the sentiment index of Baker and Wurgler (2006) really measures sentiment or if, on the contrary, its inherent predictive power can be mainly explained by economic fundamentals and risk factors.
If all ethical facts are explained by such fundamental ethical truths, then these truths could seemingly explain why there are certain necessary connections between ethical and non-ethical properties.
