求翻译：我们推测，资产的市场超额收益率Y与个人超额收益率X存在一定关系，但是正比关系还是反比关系还不得而知。接下来让我们进行模型建立及参数估计并预测。是什么意思？

We speculate that there is a certain relationship between asset market excess yield y and personal excess yield x, but proportional to the relationship or inverse relationship is still unknown. Let's modeling and parameter estimation and prediction.

We assume that the market for the assets and excess yield Y X personal excess return there is a certain relationship, but positive relationship is inverse relationship was not yet known. The next step is to build a model and parameter estimation and forecasting.

We extrapolated that, the property market exceeds the quota returns ratio Y with to exceed the quota personally returns ratio X existence certain relations, but the direct ratio relations or the inverse relation are also unknown.Meets down lets us carry on the model establishment and the parameter e

We speculated that market adjusted return of assets adjusted return x there is a y and the individual relationships, but the positive relationship was inverse relationship is still unknown. Let modeling and parameter estimation and forecasting.

正在翻译，请等待...