On the Predictability of Stock Returns: An Asset-Allocation Perspective
收藏NBER1995-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4997
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资源简介：
The predictability of monthly stock returns is investigated from the perspective of a risk-averse investor who uses the data to update initially vague beliefs about the conditional distribution of returns. The optimal stocks-versus-cash allocation of the investor can depend importantly on the
提供机构：
美国国家经济研究局
创建时间：
1995-01-01
