Putting the present value model into practice: a comparison of two alternative approaches
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DOI: 10.1080/00036846.2018.1456647
Abstract: ABSTRACT A key issue around putting the present-value model into practice is how to construct the unobserved future expectations of the fundamental variables related to an asset. One approach is to fit a vector autoregression… read more here.
Keywords: model practice; putting present; value model; present value ... See more keywords