Predictive Systems: Living with Imperfect Predictors
收藏NBER2008-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13804
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资源简介：
We develop a framework for estimating expected returnsa predictive system that allows predictors to be imperfectly correlated with the conditional expected return. When predictors are imperfect, the estimated expected return depends on past returns in a manner that hinges on the correlation between
提供机构：
美国国家经济研究局
创建时间：
2008-02-01
