"Long-Range Forecasting" by William S. Gray
The Research Foundation of the Institute of Chartered Financial Anlysts
RFICFA | 1999 | ISBN: 0943205476 | 104 pages | PDF | 7 Mb
The original purpose of this monograph was to serve the interests and needs of professional investment practitioners. Anyone trained in econometric modeling will find reasons to criticize some of the methodologgr used in this research. Forecasting the long-term behavior of the security markets is not now, of course, and never will be an exact science. It is also not the intellectual equivalent of nipping a coin, however; it is based on relationships that have proven tractable over time.