An Explanation Model of Regime Shifts in the Tehran Stock Exchange by Smooth Transfer Regression
Objective: Stock markets are extremely volatile and contain only a small predictable component that may still be economically justifiable and could be translated into substantial utility gains for a risk-averse investor. Moreover, the degree of return predictability varies over time and the predicti...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2022-05-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_87755_4ed582a768ecb9ab64712dd2498a1a3a.pdf |