Forecasting Profitability and Earnings
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- 1 April 2000
- journal article
- Published by University of Chicago Press in The Journal of Business
- Vol. 73 (2) , 161-175
- https://doi.org/10.1086/209638
Abstract
There is a strong presumption in economics that, in a competitive environment, profitability is mean reverting. We provide corroborating evidence. In a simple p...Keywords
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