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Comment: Forecasting and Analysis of Corporate Financial Performance with an Econometric Model of the Firm

Published online by Cambridge University Press:  19 October 2009

Seha M. Tinic
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Extract

Elliott's basic proposition is praiseworthy. Nevertheless, I have a number of serious reservations about the implications of his model and the reliability of its predictions. Some of my reservations relate to the theoretical foundation of the model itself, while others are concerned with his methodology and estimation techniques.

Type
Discussant
Information
Journal of Financial and Quantitative Analysis , Volume 7 , Issue 2 , March 1972 , pp. 1543 - 1548
Copyright
Copyright © School of Business Administration, University of Washington 1972

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References

[1]Elliott, J. W., “Forecasting and Analysis of Corporate Financial Performance with an Econometric Model of the Firm,” Journal of Financial and Quantitative Analysis, (March, 1972), pp. 1499.CrossRefGoogle Scholar
[2]Haavelmo, T., “The Statistical Implications of a Set of Simultaneous Equations,” Econometrica, XI (1943), pp. 1–12.CrossRefGoogle Scholar
[3]Stekler, H., Economic Forecasting (New York: Praeger Publishers, 1970).Google Scholar