Ito Process � The stochastic process X = fXt; t � 0 g that solves Xt = X0 + Z t 0 a(Xs; s) ds+ Z t 0 b(Xs; s) dWs; t � 0 is called an Ito process. { X0 is a scalar…
Slide 1 Risk, Return and Market Efficiency For 9.220, Term 1, 2002/03 02_Lecture16.ppt Student Version Slide 2 Outline 1.Introduction 2.Types of Efficiency 3.Informational…
Journal of Accounting and Economics 11 (1989) 143-181. North-Holland AN ANALYSIS OF INTERTEMPORAL AND CROSS-SECTIONAL DETERMINANTS OF EARNINGS RESPONSE COEFFICIENTS* Daniel…