The multifactor pricing model is a crucial breakthrough in asset pricing theory and a derivation or an extension of the arbitrage pricing theory (APT).

• 多因子定价模型(Multifactor Pricing Model)是资产定价理论发展到套利定价理论(Arbitrage Pricing Theory,APT)之后的延伸,是对金融资产定价研究的重要理论突破。