Description
Excerpt from Maximizing Predictability in the Stock and Bond Markets
For these reasons, many economists have undertaken the search for predictability in earnest and with great vigor. Indeed, the very attempt to improve the goodness-of - fit of theories to observations - Leamer''s (1978) so-called specification searches - can be viewed as a search for predictability. But as important as it is, predictability is rarely maximized systematically in empirical investigations, even though it may dictate the course of the investigation at many critical junctures and, as a consequence, is maximized implicitly over time and over sequences of investigations.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
For these reasons, many economists have undertaken the search for predictability in earnest and with great vigor. Indeed, the very attempt to improve the goodness-of - fit of theories to observations - Leamer''s (1978) so-called specification searches - can be viewed as a search for predictability. But as important as it is, predictability is rarely maximized systematically in empirical investigations, even though it may dictate the course of the investigation at many critical junctures and, as a consequence, is maximized implicitly over time and over sequences of investigations.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
Andrew Wen-Chuan Lo
Published Date -
ISBN - 9780266502036
Dimensions - 22.9 x 15.2 x 0.3 cm
Page Count - 58
Paperback
Contributors
Author
Andrew Wen-Chuan Lo
Published Date -
ISBN - 9781333798642
Dimensions - 22.9 x 15.2 x 0.3 cm
Page Count - 60
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