PREDICTING RETURNS WITH FINANCIAL RATIOS
This article provides a new test of the predictive ability of aggregate financial ratios. Predictive regressions are subject to small-sample biases, but the correction in previous studies can substantially understate forecasting power....
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| Format: | Working Paper |
| Jezik: | en_US |
| Izdano: |
2003
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| Online pristup: | http://hdl.handle.net/1721.1/1805 |