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1-Discuss the steps of conducting an out-of-sample forecast evaluation. 2-Conduct an out-of-sample forecast evaluation to determine if the following models are more accurate than a
1-Discuss the steps of conducting an out-of-sample forecast evaluation.
2-Conduct an out-of-sample forecast evaluation to determine if the following models are more accurate than a mean returns forecast with approximately 50% sample split.
ARMA(2)
AR(2)
ARDL(2,2) with lags of Market Returns (returnmkt)
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