Predicting returns with financial ratios*1
نویسندگان
چکیده
منابع مشابه
A Note on “predicting Returns with Financial Ratios”
This note reinterprets methods that seek to use the aggregate dividend price ratio to predict aggregate stock market returns; specifically, methods which use information about time-varying changes in the dividend-price ratio process to improve the prediction equation. It argues that the empirical evidence is still too weak to suggest practical usefulness of these estimators. ∗We thank John Coch...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2004
ISSN: 0304-405X
DOI: 10.1016/s0304-405x(04)00068-6