Out-of-sample bond risk premium predictions: A global common factor

Optimum consumption and portfolio rules in a continuous-time model

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Mathematical Programming, Economics, Portfolio Optimization +9

Business conditions and expected returns on stocks and bonds

Eugene F. Fama, Kenneth R. French · Journal of Financial Economics · 1989 · 4.1K citations

Financial Economics, Asset Pricing, Business Conditions +5

A Comprehensive Look at The Empirical Performance of Equity Premium Prediction

Ivo Welch, Amit Goyal · Review of Financial Studies · 2007 · 4K citations

Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average?

John Y. Campbell, Samuel B. Thompson · Review of Financial Studies · 2007 · 2.9K citations

Approximately normal tests for equal predictive accuracy in nested models

Todd E. Clark, Kenneth D. West · Journal of Econometrics · 2006 · 2.4K citations

Backtesting, Predictive Analytics, Biostatistics +4