DescriptionUsing an appropriate valuation technique, estimate fair value for the S&P 500 Index (you can choose an alternative such as the FTSE 100 but the data is not so easily available).Your report should include:A description of your chosen valuation techniqueStrengths and weaknesses of the valuation techniqueAn assessment of factors causing current over/under-valuation of the S&P index relative to your estimate of fair value.Your group submission should be 2,000 words (4 pages) or less. Graphs, tables and calculations to be included in the appendix (not to be included in the word count).Please use the attached documents for the assignment and the link below:https://www.aqr.com/Insights/Research/Journal-Article/Fight-the-Fed-Model
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