新西兰会计学论文代写:风险溢价

新西兰会计学论文代写:风险溢价

这说明了在Bollerslev和Chou(2007)中取得的结果,风险溢价方差也可以根据可改进的冲击,与有利可图的基础知识相关联。与广泛的地平线联系在一起的是很确定的事情(Baele,Geert,2010)。

外推的回归是两个重要的因素:

估计量的平方是极其不相关的和回归因素,以及超过总的短期收益。Home reserve和Bekaert(2007)给了你一个关于高度重叠的视野,通过极端无情的回归,Newey和West(1987)的数据有一种倾向于忽略不符合逻辑的事物(Corsi,Roberto,2010)。Bollerslev,Marrone,Xu,and Zhou(2011)注意到,对于小的不宽容的人来说,在没有重叠的区域中,Hodrick(1992)的习惯不确定性在警察工作中控制的数量较少。

因为我们的链接回来肯定的工作涉及到每个小以及扩展重叠区域和它还包括每个无情+非持久性估计,我们账户每个额外的强大Hodrick t无效回归策略广泛的变量情况下由魏和赖特(2010)除了额外的强大Newey-West t统计量。这2个核对统计数字在每一个不能接受的情况下都适用,因此不同的确定的事情(Jiang,Yisong,2005)。

新西兰会计学论文代写:风险溢价

This tells the results achieved in Bollerslev and Chou dynasty (2007) that the risk premium variance could also be confidentially associated with profitable basics according to the improbability shocks. Diminutive along with extensive Horizon Bond come back sure thing (Baele, Geert, 2010).
extrapolative regressions facade 2 important factors:
Estimator’s square measure extremely unrelenting and regression factor along with an over-lapping total of short-run income. Home reserve and Bekaert (2007) give you an idea about that for higher overlapping horizons through extremely relentless regressors, the Newey and West (1987) figures have a propensity to dismiss the illogical of no sure thing (Corsi, Roberto, 2010). Bollerslev, Marrone, Xu, and Zhou (2011) notice this, for less overlapping regions with small unrelenting regressors, Hodrick (1992) customary uncertainty have a smaller amount control in police work the choice of sure thing.
Because our link come back sure thing work out involves each small as well as extended overlapping regions and it also encompasses each unrelenting plus non-persistent estimators, we account each the additional strong Hodrick t-statistics that is the invalidate regression strategy extensive to the variable case by Wei and Wright (2010) in addition to the additional powerful Newey-West t-statistics. These 2 check statistics are applicable below each the unacceptable of no sure thing and therefore the different of sure thing (Jiang, Yisong, 2005).