Expectation Formation and Financial Ratio Adjustment: A Reply
In a reply, Cheng and Wu note that Tung and Crowe (1993) in their comment on Lee and Wu (1988) suggest an alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adaptive expectations model. Tung and Crowe claim the me...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1993
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/807 |
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| Institution: | Singapore Management University |
| Language: | English |