The Accounting Review Vol. 67 No. 1 1992
A Comment on the Proper Use of Residuals in Patell's Squared Unexpected Return Statistic.
Abstract
Comments on the failure of Earl K. Stice (1991) to distinguish between residuals and forecast errors in computing Z-statistics derived from squared unexpected returns. Meaning of residual; Distinction of residual from forecast error; Importance of the distinction between residuals and forecast errors.
- DOI
- 10.2308/tar-9605305875
- Volume
- 67
- Issue
- 1
- Pages
- 212-215
- Language
- en
- Sources
- openalex crossref