Offers an alternative to Markowitz’s “Portfolio Selection”. Outlines the nuts and bolts of correlation between past and future performance, or between expected and actual returns. Explains ...

Regression analysis is a quantitative tool that is easy to use and can provide valuable information on financial analysis and forecasting.

Nevertheless, this correlation could be adversely affected by mathematical coupling and regression-to-the-mean artefacts.

A quantitative study is made of the bias in the usual estimate of the linear correlation coefficient and of the relative efficiency of the estimated regression, when a certain type of selective ...

The paper considers a number of problems arising from the test of serial correlation based on the d statistic proposed earlier by the authors (Durbin & Watson, 1950, 1951). Methods of computing the ...