Is the stock market predictable?

Even though it is shown that weekly, monthly, or even quarterly movements in the stock market are not predictable, evidence suggests that long-horizon stock returns (one to 5 years) are at least partially predictable. The RP Model developed by Baylor professors Bill Reichenstein and Steve Rich seems...

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Veröffentlicht in:Baylor business review 1994-04, Vol.12 (1), p.11
Hauptverfasser: Rich, Steven P, Reichenstein, William R
Format: Magazinearticle
Sprache:eng
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Zusammenfassung:Even though it is shown that weekly, monthly, or even quarterly movements in the stock market are not predictable, evidence suggests that long-horizon stock returns (one to 5 years) are at least partially predictable. The RP Model developed by Baylor professors Bill Reichenstein and Steve Rich seems to provide better predictions of future stock market returns.
ISSN:0739-1072