Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011903768
Persistent link: https://www.econbiz.de/10011453878
Traditional approaches to Arbitrage Pricing Theory (APT) propose a factor model, whereas empirical applications of APT nowadays are based on seemingly unrelated regression. I drop the factor model and assume only that the market is ergodic. This enables me to apply the theory of Hilbert spaces...
Persistent link: https://www.econbiz.de/10012944667