李同学2018-05-27 12:53:20
总复习课程经济学最后一页ppt中,提到yardeni consistent wifh discount CF thatshow an inverse relationship between value and discount rate CAPE还有Q model反映了inverse relationship between measures and future equity ruturn 从公式哪里可以看出这种关系?
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Irene2018-05-28 17:18:27
同学你好。
yardeni consistent wifh discount CF thatshow an inverse relationship between value and discount rate
yardeni从以下公式中退出。也就说P是用未来现金流折现求和得出的。所以反映了价格和折现率之间的逆向关系。
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CAPE还有Q model反映了inverse relationship between measures and future equity ruturn
这是一个实证结论,通过历史数据观测得到的。
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