Discuss the advantages of the hj-distance

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Question: Discuss the advantages and the drawbacks of the HJ-distance and cross-sectional R2 for evaluating and comparing possibly misspecified asset pricing models.

Reference no: EM131472882

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Discuss the advantages of the hj-distance : Discuss the advantages and the drawbacks of the HJ-distance and cross-sectional R2 for evaluating and comparing possibly misspecified asset pricing models.

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