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Predictable returns and asset allocation : should a skeptical investor time the market?

Wachter, Jessica (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003726992

Predictable returns and asset allocation : should a skeptical investor time the market?

Wachter, Jessica; Warusawitharana, Missaka - In: Journal of econometrics 148 (2009) 2, pp. 162-178

Persistent link: https://www.econbiz.de/10003833758

What is the chance that the equity premium varies over time? : evidence from regressions on the dividend-price ratio

Wachter, Jessica; Warusawitharana, Missaka - In: Journal of econometrics 186 (2015) 1, pp. 74-93

Persistent link: https://www.econbiz.de/10011349544

Predictable returns and asset allocation : should a skeptical investor time the market?

Wachter, Jessica; Warusawitharana, Missaka - 2007

Are excess returns predictable and if so, what does this mean for investors? Previous literature has tended toward two polar viewpoints: that predictability is useful only if the statistical evidence for it is incontrovertible, or that predictability should affect portfolio choice, even if the...