Table 4 MSE obtained by other studies in predicting returns of stocks and REITs
Author(s) | Objective | MSE |
|---|---|---|
Pai and Lin (2005) | Stock prediction | 0.0114–1.4676, and below 0.3001 is accepted |
Panda et al. (2007) | Stock prediction | 0.0001–0.1 |
Kogan et al. (2009) | Stock and REIT prediction | 0.1365–5.6778, and below 0.3 is accepted |
Schumaker and Chen (2009a) | Stock prediction | 0.04261–0.17944 |
Schumaker and Chen (2009b) | Stock prediction | 0.1954 |
Lee and Pai (2010) | REIT prediction | 2.5727–2.7067 |
Ma et al. (2010) | Stock prediction | 5.1176e-4 − 0.0478 |
Xiao et al. (2012) | REIT prediction | 0.0011–0.0027 |
Braun (2016) | REIT prediction | 8.6277–11.9349 |
Dietzel (2016) | REIT prediction | 0.082 |
Feng et al. (2019) | Stock prediction | 2.28e-4–5.20e-4 |