autoregression (VAR) of lag p on first-differenced time series (price/index changes). Idea: lag = predictor of lead. Summary statistics of data used in step 1 and 2 Sample period: January 2021 to August 2022 Kanis

coefficients between the variables is greater than 0.8 (Harvey, 1990) 3. The heteroskedasticity test for model residual (iε) for the unbiased predictor, consistency and efficiency of the model through White’s

A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating earnings benchmarks extensively documents that market rewards firms reporting a string of consecutively earnings increases. To date, it is still unclear what an earnings string really means. This paper empirically provides rational explanations for this phenomenon by investigating whether the increment...