We consider a two-period portfolio problem with predictable assets returns. First-order (second-order) predictability … stochastic interest rates (bond portfolios) belong to one of these two types of predictability. We first show that a first … is uniformly larger than unity. This implies that first-order predictability generates a positive hedging demand for …

This paper examines the stability, predictability, volatility, time varying risk premiums and persistence of shocks to … issue of predictability in the ME&A emerging markets, three different tests have been employed to draw conclusions. It was … found that by using the three different tests, one receives slightly different results on predictability. In general, one …

predictability and brand innovativeness are antecedents of cognitive brand trust, whereas brand intimacy is a driver of affective … affective brand trust, whereas conscientiousness positively moderates the relationship between brand predictability and …

Purpose – The purpose of this paper is to analyse the current rhetoric of predictability in investment theory. After … rhetoric equals the original rhetoric in the seminal work of Markowitz. The current rhetoric is based on predictability and … rational behaviour. The proposed new rhetoric for investment theory denies predictability. The new rhetoric aims to cope with …

/methodology/approach – Information-theoretic measures of predictability (entropy rate) and co-dependence (mutual information) are used to enhance … predictability, which should be accounted for in currency risk analyses. In case of baskets of currencies, a network approach rooted … further study to show what the impact of accounting for predictability in managing currency risk is. Practical implications …