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Discussion

Published online by Cambridge University Press:  19 October 2009

Extract

Murphy and Nelson in their article, “Random and Nonrandom Relationships Among Financial Variables: A Financial Model,” develop three postulates which deal with the temporal behavior of financial variables. They suggest that the three postulates constitute a useful financial model. The basis for the model is the distinction between dollar or ratio variables on the one hand and percentage change or growth variables on the other hand.

Type
Discussants
Copyright
Copyright © School of Business Administration, University of Washington 1971

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