Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?
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Are excess returns predictable and if so, what does this mean for investors? Previous literature has tended toward two polar viewpoints: that predictability is useful only if the statistical evidence for it is incontrovertible, or that predictability should affect portfolio choice, even if the
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美国国家经济研究局创建时间:
2007-06-01



