Search results for "Dividend discount model"

showing 2 items of 2 documents

The Role of Assumptions in Ohlson Model Performance: Lessons for Improving Equity-Value Modeling

2021

In this paper, we test whether the short-run econometric conditions for the basic assumptions of the Ohlson valuation model hold, and then we relate these results with the fulfillment of the short-run econometric conditions for this model to be effective. Better future modeling motivated us to analyze to what extent the assumptions involved in this seminal model are not good enough approximations to solve the firm valuation problem, causing poor model performance. The model is based on the well-known dividend discount model and the residual income valuation model, and it adds a linear information model, which is a time series model by nature. Therefore, we adopt the time series approach. In…

General Mathematicsinformation dynamics model (lim)error correction model (ecm):CIENCIAS ECONÓMICAS [UNESCO]0502 economics and businessComputer Science (miscellaneous)Equity valueEconometricsEconomicsresidual income valuation model (rim)Ohlson valuation modeldiscount dividends model (DDM)Engineering (miscellaneous)error correction model (ECM)Clean surplus relationdisplacement property050208 financeError correction modelCointegrationDisplacement propertyconservatism correctionlcsh:Mathematics05 social sciencesUNESCO::CIENCIAS ECONÓMICASresidual income valuation model (RIM)050201 accountinglcsh:QA1-939Valuation (logic)Error correction modelDiscount dividends modelDividend discount modelInformation modeldiscount dividends model (ddm)Income valuation modelclean surplus relationDividendConservatism correctionResidual income valuationinformation dynamics model (LIM)
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Why Moving Averages?

2017

This chapter presents a brief motivation for using moving averages for trend detection, how moving averages are computed, and their two key properties: the average lag (delay) time and smoothness. The most important thing to understand right from the start is that there is a direct relationship between the average lag time and smoothness of a moving average.

Smoothness (probability theory)Lag timeDividend discount modelTrend detectionMoving averageLagStatisticsMathematics
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