发帖
雷达卡
In an equilibrium model with rational informed investors and technical investors, we show
that the moving average of past market prices can forecast the future price, explaining the strong
predictive power found in many empirical studies. Our model can also explain the time series
momentum that the market prices tend to be positively correlated in the short-run and negatively
correlated in the long-run.
提升卡
置顶卡
沉默卡
变色卡
抢沙发
千斤顶
显身卡
京公网安备 11010802022788号
