Table 1 Descriptive statistics
From: Business cycle and herding behavior in stock returns: theory and evidence
Variable | Obs | Mean | Std | Min | Max |
|---|---|---|---|---|---|
Return (%) | 1,031,914 | 0.060 | 1.987 | − 61.047 | 87.736 |
NBER recession indicator | 30 | 0.133 | 0.346 | 0 | 1 |
Annual GDP growth (%) | 30 | 2.518 | 1.871 | − 2.775 | 6.100 |
Forecaster uncertainty | 30 | 0.418 | 0.064 | 0.290 | 0.538 |