Perpetual learning and stock return predictability

The stock market is evolving, and investors are learning. This paper investigates the role of perpetual learning in excess return forecasts. We find that perpetual learning usually delivers statistically and economically significant out-of-sample gains relative to the historical average.

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Year of publication:	2013
Authors:	Zhu, Xiaoneng
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 121.2013, 1, p. 19-22
Publisher:	Elsevier
Subject:	Excess return \| Learning \| Forecasts \| Stock returns

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Type of publication:	Article
Classification:	G10 - General Financial Markets. General ; G17 - Financial Forecasting
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010702775