factor loadings primary curves tanya went comparisons liquids curves appearance clear parallel shifts etc begin emerge fewer forward prices used looks sensible passed graphs liquids people asked identify rough term structure months illiquidity begins curves might coincide assumptions surprised brent dubai wti clones naveen tanya tamarchenko ect 10 04 2000 04 35 pm naveen andrews corp enron enron vladimir gorny hou ect ect cc vince j kaminski hou ect ect kirstee hewitt lon ect ect subject factor loadings primary curves naveen vlady jin yu finished debugging vatrfacs code calculates factor loadings every primary curve except power curves sending calculated factors look good 60 forward prices used calculations commodity reran code using fewer forward prices depending commodity 12 prices c 3 gc mtbe nc 4 2 17 prices nxho 18 sa 24 c 2 gc lax _ jfk 30 condensate dubaicrude brent 48 nsw semichem risi results look much better please review add column rms _ main _ curve _ list specify many forward prices want use commodity use new factors var model tanya