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Forecasting Stock Price Changes: Is it Possible?
2006
Social Science Research Network
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We examine the relation between monthly stock returns and lagged publicly available information. Our primary objective is to determine whether the variables proposed in the literature to predict the equity premium contain incremental information to an investor. We find that certain variables do provide incremental information and may have some practical value. Although this not necessarily imply that return-forecasting models may be used to predict future stock returns, some model
doi:10.2139/ssrn.917051
fatcat:lizz2mle7rfqlm33f2h6e77nx4