FU, MAN; BIDARKOTA, PRASAD V. - In: Annals of Financial Economics (AFE) 06 (2011) 01, pp. 1150001-1
This paper uses an artificial neural network (ANN) model to forecast broad dividends, and computes fundamental stock prices with a stochastic discount factor (SDF). Broad dividends are used because they measure payouts to shareholders more accurately. Since nonlinearity is found in broad...
