Gupta, Rangan; Modise, Mampho P.; Uwilingiye, Josine - Department of Economics, Faculty of Economic and … - 2011
This paper uses a predictive regression framework to examine the out-of-sample predictability of South Africa’s equity premium, using a host of financial and macroeconomic variables. Past studies tend to suggest that the predictors on their own fail to deliver consistent out-of-sample forecast...
