Question: Explain the properties of a valid benchmark for it to be able to provide a meaningful performance evaluation. Distinguish between macro and micro performance attributions

Explain the properties of a valid benchmark for it to be able to provide a meaningful performance evaluation. Distinguish between macro and micro performance attributions in performance measurement.

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Explain the properties of a valid benchmark for it to be able to provide a meaningful performance evaluation. Distinguish between macro and micro performance attributions in performance measurement.

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