标题: macroeconomic model estimate required return or risk premium [打印本页] 作者: Penny-wenny 时间: 2013-3-31 13:09 标题: macroeconomic model estimate required return or risk premium
in the text, it is mentioned that macroeconomic model estimate required return by surprise, but it also stated that Ibostan chen model is a macroeconomic model, but ibostanchen model is used to estimate market risk premium by using some parameter like GDP growth and P/E growth, so macroeconomic model estimate required return or risk premium?作者: random_walker47 时间: 2013-3-31 13:09
Macroeconomic model = Measuring total return
Ibostan Chen model = Measuring equity risk premium.
They are two different models measuring two different things using different variables. Dont get confused.
