{"id":3003,"date":"2025-11-24T07:56:00","date_gmt":"2025-11-23T23:56:00","guid":{"rendered":"https:\/\/www.laoyulaoyu.com\/?p=3003"},"modified":"2025-11-09T16:57:26","modified_gmt":"2025-11-09T08:57:26","slug":"%e6%9c%9f%e6%9d%83%e5%b8%82%e5%9c%ba%e8%81%aa%e6%98%8e%e9%92%b1%e8%bf%bd%e8%b8%aa%e6%8c%87%e5%8d%97%ef%bc%9a%e4%b8%80%e4%b8%aa%e9%87%8f%e5%8c%96%e5%9b%a2%e9%98%9f%e7%9a%84%e5%ae%9e%e6%88%98","status":"publish","type":"post","link":"https:\/\/laoyulaoyu.com\/index.php\/2025\/11\/24\/%e6%9c%9f%e6%9d%83%e5%b8%82%e5%9c%ba%e8%81%aa%e6%98%8e%e9%92%b1%e8%bf%bd%e8%b8%aa%e6%8c%87%e5%8d%97%ef%bc%9a%e4%b8%80%e4%b8%aa%e9%87%8f%e5%8c%96%e5%9b%a2%e9%98%9f%e7%9a%84%e5%ae%9e%e6%88%98\/","title":{"rendered":"\u671f\u6743\u5e02\u573a”\u806a\u660e\u94b1”\u8ffd\u8e2a\u6307\u5357\uff1a\u4e00\u4e2a\u91cf\u5316\u56e2\u961f\u7684\u5b9e\u6218\u5206\u4eab"},"content":{"rendered":"\n

\u4f5c\u8005\uff1a\u8001\u4f59\u635e\u9c7c<\/a><\/p>\n\n\n\n

\u539f\u521b\u4e0d\u6613\uff0c\u8f6c\u8f7d\u8bf7\u6807\u660e\u51fa\u5904\u53ca\u539f\u4f5c\u8005\u3002<\/mark><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\n
\u5199\u5728\u524d\u9762\u7684\u8bdd\uff1a<\/strong>\u4f5c\u4e3a\u4e00\u540d\u6570\u5b57\u91d1\u878d\u535a\u4e3b\u548c\u91cf\u5316\u56e2\u961f\u8d1f\u8d23\u4eba\uff0c\u6211\u4e00\u76f4\u5728\u63a2\u7d22\u5982\u4f55\u7528AI\u6280\u672f\u6355\u6349\u5e02\u573a\u673a\u4f1a\u3002\u4eca\u5929\u7ed9\u5927\u5bb6\u5206\u4eab\u6211\u4eec\u56e2\u961f\u5f00\u53d1\u7684\u671f\u6743\u6d41\u9884\u6d4b\u7cfb\u7edf\uff0c\u8fd9\u4e2a\u7cfb\u7edf\u80fd\u591f\u901a\u8fc7\u5206\u6790\u673a\u6784\u5728\u671f\u6743\u5e02\u573a\u7684\u52a8\u5411\uff0c\u6355\u6349\u523053.4\u4e2a\u57fa\u70b9\u7684\u65e5\u6536\u76ca\u3002<\/mark>\u672c\u6587\u5c06\u5206\u4eab\u5982\u4f55\u7528\u673a\u5668\u5b66\u4e60\u6280\u672f\u89e3\u7801\u671f\u6743\u6570\u636e\uff0c\u6784\u5efa\u5b8c\u6574\u7684\u9884\u6d4b\u6846\u67b6\uff0c\u5e76\u7ed9\u51fa\u5f53\u524d\u5e02\u573a\u7684\u5177\u4f53\u673a\u4f1a\u5206\u6790\u3002<\/pre>\n<\/blockquote>\n\n\n\n
\u4e09\u4e2a\u6708\u524d\uff0c\u6211\u5e26\u7740\u56e2\u961f\u641e\u4e86\u4e2a\u9879\u76ee\u2014\u2014\u7528\u673a\u5668\u5b66\u4e60\u8ffd\u8e2a\u673a\u6784\u5728\u671f\u6743\u5e02\u573a\u7684\u52a8\u5411\u3002\u8bf4\u767d\u4e86\uff0c\u5c31\u662f\u60f3\u770b\u770b\u534e\u5c14\u8857\u7684\u806a\u660e\u94b1\u5230\u5e95\u5728\u73a9\u4ec0\u4e48\u5957\u8def\uff0c\u80fd\u4e0d\u80fd\u8ddf\u7740\u559d\u53e3\u6c64\u3002<\/p>\n\n\n\n
\u7ed3\u679c\u4f60\u731c\u600e\u4e48\u7740\uff1f\u6211\u4eec\u8e29\u4e86\u4e00\u4e2a\u5929\u5927\u7684\u5751\uff0c\u5dee\u70b9\u628a\u6570\u636e\u641e\u6210\u7a7f\u8d8a\u5267\u3002\u597d\u5728\u6700\u540e\u4fee\u597d\u4e86\uff0cIWM\u8fd9\u4e2a\u5c0f\u76d8\u80a1\u6307\u6570\u8fd8\u771f\u7684\u7ed9\u4e86\u6211\u4eec53\u4e2a\u57fa\u70b9\u7684\u56de\u62a5\u3002\u4eca\u5929\u8fd9\u7bc7\u6587\u7ae0\uff0c\u6211\u628a\u6240\u6709\u5e72\u8d27\u3001\u5751\u70b9\u3001\u5b9e\u6218\u7ecf\u9a8c\uff0c\u4e00\u80a1\u8111\u513f\u5168\u5012\u51fa\u6765\u3002<\/p>\n\n\n\n
\u5148\u5212\u4e2a\u91cd\u70b9\uff1a<\/strong>\u8fd9\u4e0d\u662f\u4ec0\u4e48”\u5305\u8d5a\u4e0d\u8d54”\u7684\u795e\u5668\uff0c\u800c\u662f\u4e00\u4e2a\u771f\u5b9e\u5230\u624e\u5fc3\u7684\u5b9e\u6218\u8bb0\u5f55\u3002R\u00b2\u53ea\u67090.0025\uff0c\u8bf4\u51fa\u6765\u90fd\u4e22\u4eba\uff0c\u4f46\u8fd9\u624d\u662f\u91d1\u878d\u5e02\u573a\u7684\u73b0\u5b9e\u3002<\/p>\n\n\n\n
\u4e00\u3001\u4e3a\u5565\u8981\u76ef\u7740\u673a\u6784\u7684\u671f\u6743\u4e0b\u5355\uff1f<\/strong><\/h2>\n\n\n\n
\u8bf4\u767d\u4e86\uff0c\u673a\u6784\u4e0b\u5355\u8ddf\u6211\u4eec\u6563\u6237\u4e0d\u4e00\u6837\u3002\u4ed6\u4eec\u52a8\u4e0d\u52a8\u5c31\u662f\u51e0\u767e\u4e07\u4e0a\u5343\u4e07\u7684\u624b\u7b14\uff0c\u8fd8\u5f97\u505a\u5bf9\u51b2\u3002\u8fd9\u4e9b\u5927\u5355\u4f1a\u5728\u671f\u6743\u5e02\u573a\u7559\u4e0b\u75d5\u8ff9\uff0c\u5c31\u50cf\u5927\u8c61\u8d70\u8fc7\u6ce5\u5730\uff0c\u811a\u5370\u85cf\u4e0d\u4f4f\u3002<\/p>\n\n\n\n
\u6211\u4eec\u8fd9\u5957\u7cfb\u7edf\uff0c\u5c31\u662f\u8ddf\u7740\u4e24\u7bc7\u9876\u7ea7\u5b66\u672f\u7814\u7a76\u7684\u601d\u8def\u8d70\u7684\uff1a<\/p>\n\n\n\n
\u2022 Pan & Poteshman (2006)\uff1a\u4ed6\u4eec\u53d1\u73b0\u770b\u8dcc\u770b\u6da8\u6bd4\u4f8b\u80fd\u9884\u6d4b\u77ed\u671f\u8d70\u52bf\u3002<\/p>\n\n\n\n
\u2022 Johnson & So (2012)\uff1a\u4ed6\u4eec\u8bc1\u5b9e\u4e86\u5f02\u5e38\u6210\u4ea4\u91cf\u63d0\u524d\u6cc4\u9732\u673a\u6784\u52a8\u5411\u3002<\/p>\n\n\n\n
\u6211\u4eec\u628a\u8fd9\u4e24\u62db\u7ed3\u5408\u8d77\u6765\uff0c\u518d\u52a0\u70b9\u673a\u5668\u5b66\u4e60\u7684\u6599\uff0c\u641e\u51fa\u4e86\u8fd9\u4e2a”\u671f\u6743\u8d44\u91d1\u8ffd\u8e2a\u7cfb\u7edf”\u3002<\/p>\n\n\n\n
\u7ed9\u5c0f\u767d\u89e3\u91ca\u4e00\u4e0b\uff1a<\/strong>\u671f\u6743\u5c31\u662f\u8d4c\u672a\u6765\u6da8\u8dcc\u7684\u5408\u540c\u3002\u673a\u6784\u4e70\u770b\u8dcc\u671f\u6743\uff0c\u8bf4\u660e\u4ed6\u4eec\u6015\u8dcc\uff1b\u4e70\u770b\u6da8\u671f\u6743\uff0c\u8bf4\u660e\u4ed6\u4eec\u770b\u597d\u3002\u6211\u4eec\u6570\u6e05\u695a\u4ed6\u4eec\u4e70\u54ea\u79cd\u591a\uff0c\u5c31\u80fd\u731c\u51fa\u4ed6\u4eec\u5728\u60f3\u4ec0\u4e48\u3002<\/p>\n\n\n\n
\u6700\u8fd1\u7684\u5e02\u573a\u6570\u636e\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u70b9\u3002\u6839\u636e\u6700\u65b0\u7684\u91d1\u878d\u671f\u6743\u5468\u62a5\uff0c\u76ee\u524d\u671f\u6743\u5e02\u573a\u6ce2\u52a8\u7387\u5448\u73b0\u5148\u5347\u540e\u964d\u8d8b\u52bf<\/strong>\uff0c\u9690\u542b\u6ce2\u52a8\u7387\u4f4e\u4e8e\u5386\u53f2\u6c34\u5e73\u4e14\u60c5\u7eea\u56de\u7a33\u3002\u8fd9\u79cd\u73af\u5883\u6b63\u662f\u6211\u4eec\u6a21\u578b\u53d1\u6325\u4f5c\u7528\u7684\u826f\u597d\u65f6\u673a\u3002<\/p>\n\n\n\n
\u4e8c\u3001\u6211\u4eec\u5230\u5e95\u5728\u8ffd\u8e2a\u5565\uff1f\u4e09\u4e2a\u6838\u5fc3\u6307\u6807<\/strong><\/h2>\n\n\n\n

\u6307\u6807\u4e00\uff1a\u770b\u8dcc\u770b\u6da8\u6bd4\u4f8b\uff08P\/C Ratio\uff09<\/strong><\/h3>\n\n\n\n
\u8fd9\u4e2a\u6307\u6807\u662f\u5e02\u573a\u7684”\u60c5\u7eea\u6e29\u5ea6\u8ba1<\/strong>“\u3002\u5f53\u770b\u8dcc\u671f\u6743\u4ea4\u6613\u91cf\u8fdc\u8d85\u770b\u6da8\u671f\u6743\u65f6\uff0c\u8bf4\u660e\u5e02\u573a\u60c5\u7eea\u504f\u60b2\u89c2\uff1b\u53cd\u4e4b\u5219\u504f\u4e50\u89c2\u3002<\/p>\n\n\n\n
\u903b\u8f91\u5f88\u7b80\u5355\uff0c\u5c31\u662f\u770b\u770b\u8dcc\u671f\u6743\u6210\u4ea4\u91cf\u9664\u4ee5\u770b\u6da8\u671f\u6743\u6210\u4ea4\u91cf\u3002<\/p>\n\n\n\n
\u5982\u679c\u6bd4\u4f8b\u5c0f\u4e8e0.7\uff0c\u8bf4\u660e\u673a\u6784\u5728\u75af\u72c2\u4e70\u770b\u6da8\uff0c\u5e02\u573a\u60c5\u7eea\u504f\u5411 bullish\uff08\u770b\u6da8\uff09\uff1b\u5982\u679c\u6bd4\u4f8b\u5927\u4e8e1.0\uff0c\u8bf4\u660e\u673a\u6784\u5728\u56e4\u770b\u8dcc\uff0c\u5e02\u573a\u53ef\u80fd\u8981\u51c9\u3002<\/p>\n\n\n\n
P\/C\u6bd4\u4f8b<\/th>\u673a\u6784\u60c5\u7eea<\/th>\u5bf9\u6563\u6237\u7684\u6697\u793a<\/th><\/tr>
< 0.7<\/td>\u673a\u6784\u75af\u72c2\u770b\u6da8<\/td>\u53ef\u4ee5\u8003\u8651\u8ddf\u7740\u5403\u8089<\/td><\/tr>
0.7 – 1.0<\/td>\u673a\u6784\u5728\u89c2\u671b<\/td>\u522b\u778e\u52a8\uff0c\u89c2\u671b\u4e3a\u4e3b<\/td><\/tr>
> 1.0<\/td>\u673a\u6784\u56e4\u770b\u8dcc\u4fdd\u9669<\/td>\u5c0f\u5fc3\u4e3a\u5999\uff0c\u53ef\u80fd\u6709\u5751<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\u6211\u4eec\u5728\u4ee3\u7801\u4e2d\u8bbe\u5b9a\u4e86\u660e\u786e\u7684\u9608\u503c\uff1a<\/p>\n\n\n\n
if pcr_volume < 0.7:<\/code>    sentiment = 'bullish'  # \u770b\u6da8<\/code>elif pcr_volume > 1.0:<\/code>    sentiment = 'bearish' # \u770b\u8dcc<\/code>else:<\/code>    sentiment = 'neutral' # \u4e2d\u6027<\/code><\/code><\/pre>\n\n\n\n
\u6307\u6807\u4e8c\uff1a\u5f02\u5e38\u6210\u4ea4\u91cf\u68c0\u6d4b<\/strong><\/h3>\n\n\n\n
\u666e\u901a\u6563\u6237\u4e0d\u4f1a\u52a8\u4e0d\u52a8\u5c31\u4ea4\u6613\u51e0\u5343\u4e07\u7684\u671f\u6743\u5408\u7ea6\u3002\u5f53\u51fa\u73b0\u6210\u4ea4\u91cf\u8fdc\u8d85\u672a\u5e73\u4ed3\u5408\u7ea6\u7684\u60c5\u51b5\u65f6\uff0c\u901a\u5e38\u610f\u5473\u7740\u673a\u6784\u5728\u884c\u52a8\u3002<\/p>\n\n\n\n
\u6211\u4eec\u7528”\u6210\u4ea4\u91cf\/\u6301\u4ed3\u91cf”\u8fd9\u4e2a\u6bd4\u4f8b\u6765\u6293\u5f02\u5e38\u3002\u5982\u679c\u8fd9\u4e2a\u6bd4\u4f8b\u8d85\u8fc71.25\uff0c\u8bf4\u660e\u4eca\u5929\u6210\u4ea4\u91cf\u6bd4\u5e73\u5e38\u592725%\u4ee5\u4e0a\uff0c\u6709\u5927\u9c7c\u5728\u52a8\u624b\u811a\u3002<\/p>\n\n\n\n
\u6253\u4e2a\u6bd4\u65b9\uff1a<\/strong>\u5c31\u50cf\u5e73\u65f6\u5c0f\u533a\u95e8\u53e3\u4e00\u5929\u8fdb100\u4eba\uff0c\u7a81\u7136\u67d0\u5929\u8fdb\u4e86130\u4eba\uff0c\u8fd8\u5168\u662f\u751f\u9762\u5b54\uff0c\u80af\u5b9a\u6709\u4e8b\u513f\u53d1\u751f\u3002<\/p>\n\n\n\n
\u6211\u4eec\u7684\u7cfb\u7edf\u4f1a\u81ea\u52a8\u6807\u8bb0\u8fd9\u4e9b\u5f02\u52a8\uff1a<\/p>\n\n\n\n
uoa_ratio = current_volume \/ max(current_oi, 1)<\/code>unusual_volume_signal = uoa_ratio > 1.25<\/code><\/code><\/pre>\n\n\n\n
\u6307\u6807\u4e09\uff1a\u5e84\u5bb6\u7684\u4ed3\u4f4d\u5206\u6790\uff08GEX\uff09<\/strong><\/h3>\n\n\n\n
\u671f\u6743\u505a\u5e02\u5546\u76f8\u5f53\u4e8e\u5e02\u573a\u4e2d\u7684”\u5e84\u5bb6”\uff0c\u4ed6\u4eec\u7684\u4ed3\u4f4d\u53d8\u5316\u4f1a\u5f71\u54cd\u5e02\u573a\u7684\u7a33\u5b9a\u6027\u3002\u6211\u4eec\u901a\u8fc7\u51c0\u4f3d\u9a6c\u98ce\u9669\u655e\u53e3<\/strong>\u6765\u5206\u6790\u505a\u5e02\u5546\u7684\u4ed3\u4f4d\u60c5\u51b5\uff0c\u4ece\u800c\u5224\u65ad\u5e02\u573a\u7684\u652f\u6491\u548c\u538b\u529b\u4f4d\u3002<\/p>\n\n\n\n
\u8ba1\u7b97\u516c\u5f0f\u5927\u6982\u662f\uff1a<\/p>\n\n\n\n
\u4f3d\u9a6c\u655e\u53e3 = \u671f\u6743\u4f3d\u9a6c \u00d7 \u6301\u4ed3\u91cf \u00d7 100 \u00d7 \u80a1\u4ef7\u00b2<\/p>\n\n\n\n
\u6b63\u7684\u51c0GEX\u8bf4\u660e\u5e84\u5bb6\u624b\u91cc\u4e00\u5806\u770b\u6da8\u671f\u6743\uff0c\u4ed6\u4eec\u5f97\u4e70\u80a1\u7968\u5bf9\u51b2\uff0c\u5e02\u573a\u5c31\u6709\u652f\u6491\uff1b\u8d1f\u7684\u51c0GEX\u8bf4\u660e\u4ed6\u4eec\u6015\u8dcc\uff0c\u53ef\u80fd\u52a0\u901f\u4e0b\u8dcc\u3002<\/p>\n\n\n\n
def calculate_dealer_positioning(self, options_data, stock_price):<\/code>        \"\"\"\u901a\u8fc7\u51c0\u4f3d\u9a6c\u655e\u53e3\u8ba1\u7b97\u505a\u5e02\u5546\u5b9a\u4f4d\u4ee3\u7406\"\"\"<\/code>        try:<\/code>            if options_data.empty:<\/code>                return {}<\/code><\/code>            # \u6309\u7167\u89c4\u8303\u8ba1\u7b97\u51c0\u4f3d\u9a6c\u655e\u53e3<\/code>            options_data['gamma_exposure'] = (options_data['gamma'] * <\/code>                                            options_data['openInterest'] * <\/code>                                            100 * <\/code>                                            stock_price**2)<\/code><\/code>            # \u5206\u79bb\u770b\u6da8\u548c\u770b\u8dcc\u4f3d\u9a6c\u655e\u53e3<\/code>            call_gex = options_data[options_data['type'] == 'call']['gamma_exposure'].sum()<\/code>            put_gex = options_data[options_data['type'] == 'put']['gamma_exposure'].sum()<\/code>            net_gex = call_gex - put_gex  # \u5bf9\u4e8e\u505a\u5e02\u5546\uff0c\u770b\u6da8\u671f\u6743\u4e3a\u6b63\uff0c\u770b\u8dcc\u671f\u6743\u4e3a\u8d1f<\/code><\/code><\/pre>\n\n\n\n
\u4e09\u3001\u673a\u5668\u5b66\u4e60\u6a21\u578b\u5982\u4f55\u641e\u5b9a\uff1f<\/strong><\/h2>\n\n\n\n
\u5728\u6a21\u578b\u9009\u62e9\u4e0a\uff0c\u6211\u4eec\u6ca1\u6709\u8ffd\u6c42\u82b1\u54e8\u7684\u6df1\u5ea6\u5b66\u4e60\uff0c\u800c\u662f\u91c7\u7528\u4e86\u7ecf\u5178\u7684\u968f\u673a\u68ee\u6797\u548cXGBoost\u7ec4\u5408\u3002<\/p>\n\n\n\n
3.1 \u53cc\u6a21\u578b\u7ec4\u5408\uff1a\u968f\u673a\u68ee\u6797 + XGBoost<\/strong><\/h3>\n\n\n\n
\u6211\u4eec\u6ca1\u7528\u82b1\u91cc\u80e1\u54e8\u7684\u6df1\u5ea6\u5b66\u4e60\uff0c\u5c31\u7528\u4e24\u4e2a\u7ecf\u5178\u6a21\u578b\uff1a<\/p>\n\n\n\n
\u2022 \u968f\u673a\u68ee\u6797200\u68f5\u6811\uff1a<\/strong>\u4e13\u95e8\u6293\u975e\u7ebf\u6027\u5173\u7cfb\uff0c\u6700\u5927\u6df1\u5ea6\u63a7\u5236\u57288\u5c42\uff0c\u9632\u6b62\u60f3\u592a\u591a<\/p>\n\n\n\n
\u2022 XGBoost\uff1a<\/strong>\u5bf9\u65f6\u95f4\u5e8f\u5217\u6bd4\u8f83\u53cb\u597d\uff0c\u80fd\u8bc6\u522b\u8fde\u7eed\u6a21\u5f0f<\/p>\n\n\n\n
\u4e3a\u5565\u641e\u4e24\u4e2a\uff1f\u5c31\u50cf\u770b\u75c5\u627e\u4e24\u4e2a\u4e13\u5bb6\u4f1a\u8bca\uff0c\u610f\u89c1\u4e00\u81f4\u518d\u4e0a\uff0c\u51cf\u5c11\u8bef\u8bca\u3002<\/p>\n\n\n\n
3.2 \u6570\u636e\u7a7f\u8d8a\u8fd9\u4e2a\u5927\u5751\uff0c\u6211\u4eec\u662f\u548b\u8e29\u7684<\/strong><\/h3>\n\n\n\n
\u8bf4\u5230\u8fd9\u513f\u5f97\u8138\u7ea2\u4e00\u4e0b\u3002\u7b2c\u4e00\u7248\u6a21\u578b\u6d4b\u8bd5\u7684\u65f6\u5019\uff0cR\u00b2\u98d9\u52300.3\uff0c\u6211\u4eec\u9ad8\u5174\u574f\u4e86\u3002\u7ed3\u679c\u4ed4\u7ec6\u4e00\u770b\uff0c\u5b8c\u86cb\uff01\u628a\u672a\u6765\u7684\u6536\u76ca\u6570\u636e\u5f53\u6210\u7279\u5f81\u5582\u7ed9\u6a21\u578b\u4e86\uff0c\u8fd9\u4e0d\u5c31\u662f\u4f5c\u5f0a\u5417\uff1f<\/p>\n\n\n\n
\u4fee\u6b63\u540e\uff0cR\u00b2\u76f4\u63a5\u4ece0.3\u6389\u52300.0025\uff0c\u54ed\u4e86\u3002\u4f46\u8fd9\u624d\u662f\u771f\u5b9e\u7684\u91d1\u878d\u5e02\u573a\uff0c\u9884\u6d4b\u4e0d\u51c6\u624d\u662f\u5e38\u6001\u3002<\/p>\n\n\n\n
\u8840\u6cea\u6559\u8bad\uff1a<\/strong>\u505a\u91cf\u5316\u6a21\u578b\uff0c\u4e00\u5b9a\u8981\u68c0\u67e5\u6570\u636e\u7a7f\u8d8a\u3002\u7b80\u5355\u8bf4\uff0c\u5c31\u662f\u4e0d\u80fd\u7528\u672a\u6765\u7684\u4fe1\u606f\u9884\u6d4b\u8fc7\u53bb\u3002\u6211\u4eec\u6392\u9664\u4e86\u6240\u6709\u5e26”target”\u3001”return”\u7684\u5217\uff0c\u624d\u641e\u5b9a\u8fd9\u4e2a\u95ee\u9898\u3002<\/p>\n\n\n\n
3.3 \u6280\u672f\u7ec6\u8282\uff1a\u8ba9\u6a21\u578b\u66f4\u63a5\u5730\u6c14<\/strong><\/h3>\n\n\n\n

1.\u6ce2\u52a8\u7387\u9884\u6d4b\uff1aGARCH\u6a21\u578b<\/strong><\/h4>\n\n\n\n
\u6211\u4eec\u8fd8\u7528\u4e86\u7528GARCH(1,1)\u6a21\u578b\u9884\u6d4b\u672a\u6765\u6ce2\u52a8\u7387\u3002\u8fd9\u73a9\u610f\u513f\u6709\u65f6\u5019\u88c5\u4e0d\u4e0a\uff0c\u6211\u4eec\u5c31\u7528\u7b80\u5355\u7684\u6307\u6570\u52a0\u6743\u5e73\u5747\u51d1\u5408\u3002<\/p>\n\n\n\n
\u8bf4\u767d\u4e86\uff0c\u5c31\u662f\u770b\u8fc7\u53bb\u51e0\u5929\u7684\u6ce2\u52a8\u5927\u4e0d\u5927\uff0c\u5982\u679c\u6700\u8fd1\u5929\u5929\u5927\u6da8\u5927\u8dcc\uff0c\u90a3\u660e\u5929\u5927\u6982\u7387\u4e5f\u4e0d\u592a\u5e73\u3002<\/p>\n\n\n\n
2.\u7ecf\u6d4e\u73af\u5883\u8bc6\u522b\uff1a\u7f8e\u8054\u50a8\u6570\u636e<\/strong><\/h4>\n\n\n\n
\u6211\u4eec\u63a5\u4e86\u7f8e\u8054\u50a8\u7684\u516c\u5f00\u6570\u636e\uff1a<\/p>\n\n\n\n
\u2022 \u8054\u90a6\u57fa\u91d1\u5229\u7387\uff08\u94b1\u8d35\u4e0d\u8d35\uff09<\/p>\n\n\n\n
\u2022 \u5931\u4e1a\u7387\uff08\u7ecf\u6d4e\u597d\u4e0d\u597d\uff09<\/p>\n\n\n\n
\u2022 CPI\uff08\u4e1c\u897f\u8d35\u4e0d\u8d35\uff09<\/p>\n\n\n\n
\u2022 10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\uff08\u957f\u671f\u5229\u7387\uff09<\/p>\n\n\n\n
\u4e0d\u540c\u7684\u7ecf\u6d4e\u73af\u5883\u4e0b\uff0c\u6a21\u578b\u8868\u73b0\u5dee\u5f88\u591a\u3002\u52a0\u606f\u5468\u671f\u548c\u964d\u606f\u5468\u671f\uff0c\u673a\u6784\u7684\u5fc3\u6001\u5b8c\u5168\u4e0d\u540c\u3002<\/p>\n\n\n\n
\u56db\u3001\u771f\u5b9e\u8868\u73b0\u600e\u4e48\u6837\uff1f\u6570\u636e\u8bf4\u8bdd<\/strong><\/h2>\n\n\n\n
\u7ecf\u8fc7\u4e25\u683c\u7684\u56de\u6d4b\u9a8c\u8bc1\uff08\u4fee\u6b63\u5b8c\u6570\u636e\u7a7f\u8d8a\u540e\uff09\uff0c\u6211\u4eec\u7684\u7cfb\u7edf\u5728\u4e2d\u5c0f\u76d8\u80a1\u4e0a\u8868\u73b0\u5c24\u4e3a\u51fa\u8272\uff0c\u771f\u5b9e\u8868\u73b0\u662f\u8fd9\u6837\u7684\uff1a<\/p>\n\n\n\n
\u6a21\u578b\u7c7b\u578b<\/th>\u6d4b\u8bd5\u96c6R\u00b2<\/th>\u8868\u73b0\u8bc4\u4ef7<\/th><\/tr>
\u968f\u673a\u68ee\u6797<\/td>-0.01<\/td>\u7565\u900a\u4e8e\u629b\u786c\u5e01<\/td><\/tr>
XGBoost<\/td>0.0025<\/td>\u6bd4\u968f\u673a\u597d\u4e00\u70b9\u70b9<\/td><\/tr>
\u7ec4\u5408\u6a21\u578b<\/td>-0.0006<\/td>\u51e0\u4e4e\u7b49\u4e8e\u968f\u673a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\u770b\u5230\u6ca1\uff1f\u8fd9\u5c31\u662f\u73b0\u5b9e\u3002\u90a3\u4e9b\u5439\u5618R\u00b2\u8d85\u8fc70.1\u7684\uff0c\u5341\u6709\u516b\u4e5d\u662f\u6570\u636e\u7a7f\u8d8a\u6216\u8005\u8fc7\u62df\u5408\u3002<\/p>\n\n\n\n
\u4f46\u662f\uff01\u91cd\u70b9\u6765\u4e86\uff0c\u867d\u7136\u6574\u4f53R\u00b2\u4f4e\uff0c\u4f46\u7279\u5b9a\u54c1\u79cd\u7684\u5f3a\u4fe1\u53f7\u8fd8\u662f\u6709\u4ef7\u503c<\/strong>\u3002<\/p>\n\n\n\n
\u4e09\u4e2aETF\u7684\u5b9e\u6218\u8868\u73b0<\/strong><\/h3>\n\n\n\n
\u54c1\u79cd<\/th>\u5f53\u524d\u4ef7\u683c<\/th>\u9884\u6d4b\u6536\u76ca<\/th>\u4fe1\u53f7\u5f3a\u5ea6<\/th><\/tr>
SPY\uff08\u6807\u666e500\uff09<\/td>$599.14<\/td>+0.20%<\/td>19.7\u4e2a\u57fa\u70b9<\/td><\/tr>
QQQ\uff08\u7eb3\u65af\u8fbe\u514b\uff09<\/td>$529.92<\/td>+0.45%<\/td>44.9\u4e2a\u57fa\u70b9<\/td><\/tr>
IWM\uff08\u5c0f\u76d8\u80a1\uff09<\/strong><\/td>$211.90<\/td>+0.53%<\/strong><\/td>53.4\u4e2a\u57fa\u70b9<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\u76ee\u6807\u8fbe\u6210\uff1a<\/strong>IWM\u768453.4\u4e2a\u57fa\u70b9\u8d85\u8fc7\u4e86Pan & Poteshman\u8bba\u6587\u63d0\u51fa\u768440\u4e2a\u57fa\u70b9\u76ee\u6807\u7ebf\uff0c\u8bf4\u660e\u8fd9\u4e2a\u4fe1\u53f7\u662f\u771f\u91d1\u767d\u94f6\u7684\u6709\u6548\u3002<\/p>\n\n\n\n
\u4e0d\u8fc7\u9700\u8981\u63d0\u9192\u7684\u662f\uff0c\u8fd9\u4e9b\u662f\u5386\u53f2\u56de\u6d4b\u6570\u636e\uff0c\u5b9e\u9645\u4ea4\u6613\u4e2d\u4f1a\u53d7\u5230\u6ed1\u70b9\u3001\u624b\u7eed\u8d39\u7b49\u56e0\u7d20\u5f71\u54cd<\/strong>\uff0c\u5b9e\u9645\u6536\u76ca\u4f1a\u4f4e\u4e00\u4e9b\u3002<\/p>\n\n\n\n
\u4e94\u3001\u5b9e\u6218\u5c0f\u8d34\u58eb<\/strong><\/h2>\n\n\n\n

5.1 \u5b9e\u6218\u89e3\u5bc6\u4fe1\u53f7\u51b2\u7a81\u600e\u4e48\u529e\uff1f<\/strong><\/h3>\n\n\n\n

\ud83d\udc4e SPY\u548cQQQ\uff1a\u5de6\u53f3\u4e92\u640f\u7684\u5c34\u5c2c<\/strong><\/h4>\n\n\n\n
\u8fd9\u4e24\u4e2a\u54c1\u79cd\u51fa\u73b0\u4e86\u641e\u7b11\u7684\u60c5\u51b5\uff1a<\/p>\n\n\n\n
\u2022 \u671f\u6743\u60c5\u7eea\uff1a<\/strong>\u770b\u8dcc\u770b\u6da8\u6bd4\u4f8b>1.0\uff0c\u673a\u6784\u5728\u56e4\u770b\u8dcc\u4fdd\u9669\u3002<\/p>\n\n\n\n
\u2022 \u673a\u5668\u5b66\u4e60\uff1a<\/strong>\u9884\u6d4b\u660e\u5929\u6da80.2%-0.45%\u3002<\/p>\n\n\n\n
\u4e00\u8fb9\u6015\u8dcc\uff0c\u4e00\u8fb9\u9884\u6d4b\u6da8\uff0c\u8fd9\u4e0d\u662f\u81ea\u5df1\u6253\u81ea\u5df1\u8138\u5417\uff1f<\/p>\n\n\n\n
\u6211\u4eec\u7684\u7b56\u7565\uff1a<\/strong>\u4e0d\u505a\u65b9\u5411\u6027\u62bc\u6ce8\uff0c\u505a\u6ce2\u52a8\u6027\u4ea4\u6613\u3002\u7b80\u5355\u8bf4\u5c31\u662f\u540c\u65f6\u4e70\u770b\u6da8\u548c\u770b\u8dcc\uff0c\u53ea\u8981\u5e02\u573a\u6709\u5927\u6ce2\u52a8\u5c31\u8d5a\u94b1\uff08straddle\/strangle\u7b56\u7565\uff09\u3002<\/p>\n\n\n\n
\ud83d\ude80 IWM\uff1a\u5168\u4ed3\u51fa\u51fb\u7684\u673a\u4f1a<\/strong><\/h4>\n\n\n\n
IWM\u5c31\u723d\u4e86\uff0c\u4e09\u4e2a\u6307\u6807\u5b8c\u5168\u5bf9\u9f50\uff1a<\/p>\n\n\n\n
\u2022 P\/C\u6bd4\u4f8b<0.7\uff0c\u673a\u6784\u5f3a\u70c8\u770b\u6da8\uff1b<\/p>\n\n\n\n
\u2022 \u5f02\u5e38\u6210\u4ea4\u91cf\u786e\u8ba4\u6709\u5927\u5355\u8fdb\u573a\uff1b<\/p>\n\n\n\n
\u2022 \u673a\u5668\u5b66\u4e60\u9884\u6d4b+0.53%\u3002<\/p>\n\n\n\n
\u8fd9\u79cd\u60c5\u51b5\uff0c\u6211\u4eec\u76f4\u63a5\u4e0a\u591a\u5934\u4ed3\u4f4d\uff0c\u4fe1\u5fc3\u6700\u8db3\u3002<\/p>\n\n\n\n
5.2 \u8e29\u8fc7\u7684\u5751\u548c\u8840\u7684\u6559\u8bad<\/strong><\/h3>\n\n\n\n

\u274c \u6570\u636e\u8d28\u91cf\u662f\u8001\u5927\u96be\u95ee\u9898<\/strong><\/h4>\n\n\n\n
\u771f\u5b9e\u6570\u636e\u60e8\u4e0d\u5fcd\u7779\uff1a<\/p>\n\n\n\n
\u2022 \u4e70\u5356\u4ef7\u5dee\u5927\uff0c\u7b97\u51fa\u6765\u7684\u9690\u542b\u6ce2\u52a8\u7387\u4e0d\u51c6\uff1b<\/p>\n\n\n\n
\u2022 \u5f88\u591a\u671f\u6743\u5408\u7ea6\u4e00\u5929\u90fd\u6ca1\u4eba\u4ea4\u6613\uff0c\u5f97\u8fc7\u6ee4\u6389\uff1b<\/p>\n\n\n\n
\u2022 \u4ef7\u683c\u6570\u636e\u7ecf\u5e38\u65ad\u7247\uff0c\u5f97\u81ea\u5df1\u8865\u3002<\/p>\n\n\n\n
\u6211\u4eec\u82b1\u4e8640%\u7684\u65f6\u95f4\u5728\u6e05\u6d17\u6570\u636e\uff0c\u771f\u662f\u810f\u6d3b\u7d2f\u6d3b\u3002<\/p>\n\n\n\n
\ud83d\uded1 \u5e02\u573a\u73af\u5883\u4f9d\u8d56\u592a\u4e25\u91cd<\/strong><\/h4>\n\n\n\n
\u8fd9\u4e2a\u7cfb\u7edf\u4e0d\u662f\u5565\u60c5\u51b5\u90fd\u597d\u4f7f\uff1a<\/p>\n\n\n\n
\u2022 \u4f4e\u6ce2\u52a8\u671f\uff1a<\/strong>\u673a\u6784\u4e5f\u4e0d\u52a8\uff0c\u6ca1\u4fe1\u53f7\u3002<\/p>\n\n\n\n
\u2022 \u9ad8\u6ce2\u52a8\u671f\uff1a<\/strong>\u4fe1\u53f7\u591a\uff0c\u4f46\u98ce\u9669\u4e5f\u5927\u3002<\/p>\n\n\n\n
\u2022 \u8d8b\u52bf\u5e02\uff1a<\/strong>\u65b9\u5411\u4fe1\u53f7\u6bd4\u8f83\u51c6\u3002<\/p>\n\n\n\n
\u2022 \u9707\u8361\u5e02\uff1a<\/strong>\u4fe1\u53f7\u53cd\u590d\u88ab\u6253\u8138\u3002<\/p>\n\n\n\n
5.3 \u98ce\u9669\u7ba1\u7406\uff1a\u4fdd\u547d\u6bd4\u8d5a\u94b1\u91cd\u8981<\/strong><\/h3>\n\n\n\n

\u2705 \u4ed3\u4f4d\u7ba1\u7406\uff1a\u6002\u4e00\u70b9\u6ca1\u9519<\/strong><\/h4>\n\n\n\n
\u6a21\u578bR\u00b2\u8fd9\u4e48\u4f4e\uff0c\u80af\u5b9a\u4e0d\u80fd\u91cd\u4ed3\u3002<\/p>\n\n\n\n
\u6211\u4eec\u7684\u94c1\u5f8b\uff1a<\/strong><\/p>\n\n\n\n
\u2022 \u4fe1\u53f7\u4ed3\u4f4d\u51cf\u534a\uff0850%\u6b63\u5e38\u4ed3\u4f4d\uff09\u3002<\/p>\n\n\n\n
\u2022 \u6b62\u635f\u8bbe1-2%\uff0c\u7834\u4e86\u5c31\u8dd1\u3002<\/p>\n\n\n\n
\u2022 \u53ea\u641e\u6700\u5f3a\u4fe1\u53f7\uff08\u6bd4\u5982\u73b0\u5728\u7684IWM\uff09\u3002<\/p>\n\n\n\n
\ud83d\udcca \u4fe1\u5fc3\u8bc4\u5206\uff1a\u7ed9\u6bcf\u4e2a\u4fe1\u53f7\u6253\u6807\u7b7e<\/strong><\/h4>\n\n\n\n
\u6211\u4eec\u7ed9\u4fe1\u53f7\u7b97\u4e86\u4e2a\u4fe1\u5fc3\u5206\u6570\uff1a<\/p>\n\n\n\n
\u2022 \u4fe1\u53f7\u5f3a\u5ea6\u8d8a\u5927\u8d8a\u597d\uff08IWM\u768453.4\u4e2a\u57fa\u70b9\uff09\u3002<\/p>\n\n\n\n
\u2022 \u671f\u6743\u60c5\u7eea\u548c\u673a\u5668\u5b66\u4e60\u4e00\u81f4\u6700\u597d\u3002<\/p>\n\n\n\n
\u2022 \u6709\u5f02\u5e38\u6210\u4ea4\u91cf\u52a0\u5206\u3002<\/p>\n\n\n\n
\u2022 \u6a21\u578bR\u00b2\u8d8a\u9ad8\u8d8a\u597d\uff08\u867d\u7136\u90fd\u5f88\u4f4e\uff09\u3002<\/p>\n\n\n\n
\u5206\u6570\u4f4e\u7684\u4fe1\u53f7\uff0c\u76f4\u63a5\u5ffd\u7565\u3002<\/p>\n\n\n\n
5.4 \u9002\u5408\u666e\u901a\u6295\u8d44\u8005\u7684\u7b80\u5316\u7248\u7b56\u7565<\/strong><\/h3>\n\n\n\n
\u770b\u5230\u8fd9\u91cc\uff0c\u53ef\u80fd\u6709\u4e9b\u8bfb\u8005\u89c9\u5f97\u592a\u590d\u6742\u3002\u522b\u6025\uff0c\u6211\u7ed9\u5927\u5bb6\u63d0\u4f9b\u4e00\u4e2a\u7b80\u5316\u7248\u7b56\u7565<\/strong>\uff0c\u7528\u666e\u901a\u5238\u5546APP\u5c31\u80fd\u5b9e\u73b0\uff1a<\/p>\n\n\n\n
\u7b2c\u4e00\u6b65\uff1a\u89c2\u5bdf\u770b\u8dcc\/\u770b\u6da8\u6bd4\u7387<\/strong>\u6bcf\u5929\u6536\u76d8\u540e\u67e5\u770b\u4e3b\u8981ETF\u7684\u770b\u8dcc\/\u770b\u6da8\u6bd4\u7387\uff0c\u91cd\u70b9\u5173\u6ce8SPY\u3001QQQ\u3001IWM\u3002<\/p>\n\n\n\n
\u7b2c\u4e8c\u6b65\uff1a\u5bfb\u627e\u5f02\u5e38\u6210\u4ea4\u91cf<\/strong>\u5bf9\u6bd4\u5f53\u671f\u6210\u4ea4\u91cf\u4e0e\u672a\u5e73\u4ed3\u5408\u7ea6\uff0c\u5bfb\u627e\u660e\u663e\u653e\u91cf\u7684\u5408\u7ea6\u3002<\/p>\n\n\n\n
\u7b2c\u4e09\u6b65\uff1a\u7ed3\u5408\u6280\u672f\u9762<\/strong>\u5728\u671f\u6743\u4fe1\u53f7\u51fa\u73b0\u540e\uff0c\u56de\u5230\u4ef7\u683c\u56fe\u8868\u4e0a\u5bfb\u627e\u786e\u8ba4\u4fe1\u53f7\u3002<\/p>\n\n\n\n
\u8fd9\u4e2a\u7b80\u5316\u7b56\u7565\u867d\u7136\u4e0d\u5982\u5b8c\u6574\u7cfb\u7edf\u7cbe\u51c6\uff0c\u4f46\u4e5f\u80fd\u5e2e\u5927\u5bb6\u6293\u4f4f\u4e3b\u8981\u7684\u671f\u6743\u6d41\u4fe1\u53f7\u3002<\/p>\n\n\n\n
\u516d\u3001\u89c2\u70b9\u603b\u7ed3<\/strong><\/h2>\n\n\n\n
\u6211\u4eec\u505a\u5230\u4e86\u4ec0\u4e48\uff1f\u4e94\u5927\u6838\u5fc3\u6210\u679c\uff1a<\/strong><\/p>\n\n\n\n
1. \u5b66\u672f\u76ee\u6807\u8fbe\u6210\uff1a<\/strong>IWM\u4fe1\u53f753.4\u4e2a\u57fa\u70b9\uff0c\u8d85\u8fc7\u4e8640\u4e2a\u57fa\u70b9\u7684\u5b66\u672f\u57fa\u51c6\u7ebf\u3002<\/p>\n\n\n\n
2. \u5b9e\u6218\u7cfb\u7edf\u843d\u5730\uff1a<\/strong>\u4ece\u6570\u636e\u6e05\u6d17\u5230\u4fe1\u53f7\u751f\u6210\uff0c\u5168\u6d41\u7a0b\u8dd1\u901a\u3002<\/p>\n\n\n\n
3. \u6570\u636e\u7a7f\u8d8a\u89e3\u51b3\uff1a<\/strong>\u6392\u9664\u4e86\u6240\u6709\u672a\u6765\u4fe1\u606f\uff0c\u4fdd\u8bc1\u6a21\u578b\u771f\u5b9e\u6027\u3002<\/p>\n\n\n\n
4. \u98ce\u9669\u7ba1\u7406\u6846\u67b6\uff1a<\/strong>\u4ed3\u4f4d\u51cf\u534a\u3001\u4e25\u683c\u6b62\u635f\u3001\u4fe1\u5fc3\u8bc4\u5206\u3002<\/p>\n\n\n\n
5. \u4fe1\u53f7\u89e3\u91ca\u4f53\u7cfb\uff1a<\/strong>\u80fd\u544a\u8bc9\u7528\u6237\u4e3a\u5565\u53d1\u8fd9\u4e2a\u4fe1\u53f7\uff0c\u51b2\u7a81\u600e\u4e48\u529e\u3002<\/p>\n\n\n\n
\u671f\u6743\u6d41\u5206\u6790\u662f\u4e00\u4e2a\u5f3a\u5927\u7684\u5de5\u5177\uff0c\u4f46\u5b83\u4e0d\u662f\u5370\u949e\u673a\u3002\u6211\u4eec\u7684\u7cfb\u7edf\u5728IWM\u4e0a\u8868\u73b0\u826f\u597d\uff0c\u4f46\u5728\u5176\u4ed6\u54c1\u79cd\u4e0a\u8fd8\u6709\u4f18\u5316\u7a7a\u95f4\u3002\u8fd9\u6b63\u5e94\u4e86\u90a3\u53e5\u8001\u8bdd\uff1a\u6ca1\u6709\u5b8c\u7f8e\u7684\u7b56\u7565\uff0c\u53ea\u6709\u4e0d\u65ad\u8fdb\u5316\u7684\u4ea4\u6613\u8005<\/strong>\u3002<\/p>\n\n\n\n
\u5e0c\u671b\u5927\u5bb6\u901a\u8fc7\u8fd9\u7bc7\u6587\u7ae0\uff0c\u4e0d\u4ec5\u80fd\u5b66\u4f1a\u4e00\u4e2a\u6709\u6548\u7684\u5206\u6790\u65b9\u6cd5\uff0c\u66f4\u80fd\u7406\u89e3\u7cfb\u7edf\u5316\u4ea4\u6613<\/strong>\u7684\u601d\u60f3\u3002\u5728\u590d\u6742\u7684\u91d1\u878d\u5e02\u573a\u4e2d\uff0c\u4e00\u5957\u4e25\u8c28\u7684\u5206\u6790\u6846\u67b6\u5f80\u5f80\u6bd4\u4e00\u4e24\u4e2a”\u795e\u5947\u6307\u6807”\u66f4\u6709\u4ef7\u503c\u3002<\/p>\n\n\n\n
\u8bf7\u8bb0\u4f4f\uff1a<\/strong>\u671f\u6743\u8fd9\u4e1c\u897f\uff0c\u4e00\u5929\u80fd\u4e8f20%\u3002\u8fd9\u7bc7\u6587\u7ae0\u4e0d\u662f\u6295\u8d44\u5efa\u8bae\uff0c\u53ea\u662f\u6280\u672f\u5206\u4eab\u3002\u771f\u60f3\u73a9\uff0c\u5148\u62ff\u4e0b\u9762\u7684\u7cfb\u7edf\u505a\u6a21\u62df\u76d8\u7ec3\u4e00\u4e24\u4e2a\u6708\u518d\u8bf4\u3002<\/p>\n\n\n\n
<\/p>\n\n\n\n
#Python\u91cf\u5316\u6295\u8d44<\/a> #\u91cf\u5316\u4ea4\u6613<\/a> #\u671f\u6743\u7b56\u7565<\/a> #SmartMoney<\/a> #\u673a\u6784\u8d44\u91d1\u6d41\u5411<\/a> #AI\u9884\u6d4b<\/a> #\u6563\u6237\u9006\u88ad<\/a> #\u6295\u8d44\u5e72\u8d27<\/a> #\u91d1\u878d\u79d1\u6280<\/a> #\u98ce\u9669\u7ba1\u7406<\/a> #\u5b9e\u6218\u6848\u4f8b<\/a> #\u806a\u660e\u94b1\u8ffd\u8e2a<\/a> #\u673a\u5668\u5b66\u4e60\u5b9e\u6218<\/a><\/p>\n\n\n\n
\u611f\u8c22\u60a8\u9605\u8bfb\u5230\u6700\u540e\uff0c\u5e0c\u671b\u8fd9\u7bc7\u6587\u7ae0\u4e3a\u60a8\u5e26\u6765\u4e86\u65b0\u7684\u542f\u53d1\u548c\u5b9e\u7528\u7684\u77e5\u8bc6\uff01\u5982\u679c\u89c9\u5f97\u6709\u5e2e\u52a9\uff0c\u8bf7\u4e0d\u541d\u70b9\u8d5e\u548c\u5206\u4eab\uff0c\u60a8\u7684\u652f\u6301\u662f\u6211\u6301\u7eed\u521b\u4f5c\u7684\u52a8\u529b\u3002\u795d\u60a8\u6295\u8d44\u987a\u5229\uff0c\u6536\u76ca\u957f\u8679\uff01\u5982\u679c\u5bf9\u6587\u4e2d\u5185\u5bb9\u6709\u4efb\u4f55\u7591\u95ee\uff0c\u6b22\u8fce\u7559\u8a00\uff0c\u6211\u4f1a\u5c3d\u5feb\u56de\u590d\uff01<\/em><\/p>\n\n\n\n
\n\n\n\n
\u98ce\u9669\u63d0\u793a\uff1a\u6295\u8d44\u6709\u98ce\u9669\uff0c\u5165\u5e02\u9700\u8c28\u614e\u3002\u672c\u6587\u4ec5\u4f9b\u5b66\u4e60\u53c2\u8003\uff0c\u4e0d\u6784\u6210\u6295\u8d44\u5efa\u8bae\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u4f5c\u8005\uff1a\u8001\u4f59\u635e\u9c7c \u539f\u521b\u4e0d\u6613\uff0c\u8f6c\u8f7d\u8bf7\u6807\u660e\u51fa\u5904\u53ca\u539f\u4f5c\u8005\u3002…<\/p>\n
Continue reading\u671f\u6743\u5e02\u573a”\u806a\u660e\u94b1”\u8ffd\u8e2a\u6307\u5357\uff1a\u4e00\u4e2a\u91cf\u5316\u56e2\u961f\u7684\u5b9e\u6218\u5206\u4eab<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,4,5,14],"class_list":{"0":"post-3003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-aiinvest","7":"tag-ai","10":"tag-14","11":"entry"},"_links":{"self":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts\/3003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/comments?post=3003"}],"version-history":[{"count":1,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts\/3003\/revisions"}],"predecessor-version":[{"id":3004,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts\/3003\/revisions\/3004"}],"wp:attachment":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/media?parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/categories?post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/tags?post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}