Chen, Wei-ling; So, Leh-chyan - In: Journal of risk and financial management : JRFM 7 (2014) 1, pp. 13-27
. The Cox proportional hazard model is used to compare the forecasting power of Bharath and Shumway’s naive model, which … performs better than Bharath and Shumway’s naive model. In addition, our empirical results show that the statistical …