RAHIMI, Mohammad; SHAHABADI, Aboulfazl - In: Theoretical and Applied Economics XVIII(2014) (2014) 2(591), pp. 77-86
The article examines whether the stock market is predictable, and provides evidence that several basic financial and economic factors have predictive power for the market excess return. The explanatory power of the Multifactor and Autoregressive (AR) models to the expected return of the Tehran...