intrinsic value and fundamental quality. We use Bayesian inference to account for the large amount of uncertainty within … sells expensive junk stocks selected via Bayesian inference yields high risk-adjusted returns and Sharpe ratios. Our … findings suggest that while the relative benefit of accounting for uncertainty via Bayesian inference is not large over shorter …

regressors to smoothly vary with other covariates are also considered. Bayesian inference including simultaneous confidence bands …