4. The bottom line is that very few newsletters can beat the S&P 500. In addition, few...
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4. The bottom line is that very few newsletters can \beat"
the S&P 500. In addition, few can beat the market fore-
casts derived from a statistical representation of publicly available information. There is no evidence that the letters can time the market (forecast direction). Consistent with mutual funds studies, \winners" rarely win again and
\losers" often lose again.
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Related Book For
Forecasting Methods And Applications
ISBN: 9780471532330
3rd Edition
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
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