Bivack Game Lodge
Games in Pretoria

The spelling Bivack is German.
Flanked by the Mogalakwena River to the east and the mighty Limpopo River and Tuli Block of Botswana to the north, Bivack has been described as one of the most beautiful and wildest places in the world.

The dependence structure between the equity market and the foreign exchange market-赵阳 (江西财经大学) This motivates us to study those in the global investment. We demonstrate that the modeling of dependence structure makes cross-market risk management more robust and asset allocation more optimal in the global investments. In particular, we find that this has become more important after crisis in the emerging markets. Due to the unobservable property of latent variable, a corrected likelihood method is employed for parametric estimation. Estimators are proved to be consistent and asymptotically normal under certain regularity conditions. A simple Z-statistic is also established for testing latent variable effect. Simulation results confirm that our estimators and test perform well. We also apply our model to examine whether the risk-return relationship depends on investor sentiment in American Market and some explainable results are obtained. In 1993, NAU started to offer undergraduate programs, and in 2013, it was authorized to provide postgraduate programs with Master degrees. Auditing science and technology has established itself as a provincial preponderant discipline, theoretical economics as provincial first-level key cultivation discipline, law and public management as provincial first-level key construction disciplines. NAU, especially Pukou campus, with its picturesque landscape and surrounded by hills and lakes, is a perfect place for students to enjoy an unforgettable college experience.