Performance Evaluation and Prediction
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Performance Evaluation and Prediction
We present part 1 of “Chapter 22: Performance Evaluation and Prediction” from Trading & Exchanges by Larry Harris. In this chapter, we consider how to measure past performance and how to predict future performance. The two elements are closely related. Most people measure past performance primarily because they want to predict future performance.
Larry Harris, Ph.D. U.S. Securities and Exchange Commission
Performance Evaluation and Prediction
We present part 1 of “Chapter 22: Performance Evaluation and Prediction” from Trading & Exchanges by Larry Harris. In this chapter, we consider how to measure past performance and how to predict future performance. The two elements are closely related. Most people measure past performance primarily because they want to predict future performance. We shall see why predictions based only on past performance generally are quite unreliable. We can predict performance better using other information.
