Guidolin, Massimo; Hyde, Stuart; McMillan, David G.; … - 2008
in ρ
j
having only
aminoreffect upon the shape of the transition function. A solution to this problem, suggested by Ter … is better to miss the forecast by much getting the sign of the future return right
than missing the sign and proposing a … understanding of
the in-sample dynamics of variables of interest; however, there is less certainty as to whether such models
may be …