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Expectation Formation and Financial Ratio Adjustment Processes: A Reply.

Cheng F. Lee1; Chuchi Wu2

1 Rutgers University 1 · 2 Syracuse University 2

The Accounting Review 1993

Comments on a suggested alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adoptive expectations model. Potential problems of the alternative estimation procedure; Overview of the estimates of parameters by the suggested iterative ordinary least squares method; Findings of the regression model for the partial adjustment coefficient estimates.

DOI
10.2308/tar-9403090181
Volume
68 (4)
Pages
953-955
Language
en
Export
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