Nippala, Veera; Sinivuori, Taina - 2023
of Tobin's Q and cash flow as well as these series decomposed to different frequency components. The forecasts are … produced using OLS and National Accounts and Financial Accounts data. We find that the models that include a proxy of Q, cash … statistically significant either. The most accurate forecasts are achieved by approximating Tobin's Q with the ratio of firm …