Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 21, 2010 erstellt
Description:
In this paper, we provide techniques for combining different experts' opinions of the forward looking equity premium to resolve questions about the future value of an equity index tracker fund. By exploiting the fact that the survey data is approximately gamma distributed, we either use numerical methods or derive closed form solutions depending on the exact question posed. The practical significance of our results is shown to be highly sensitive to assumptions about the independence of each individual forecast