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Sampling Errors and Portfolio Efficient Analysis

Published online by Cambridge University Press:  06 April 2009

Yoram Kroll  and
Haim Levy
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Extract

Studies which deal with portfolio efficiency analysis can be divided into two main categories: (a) those concerned with the development of normative decision rules; and (b) those that discuss the application of the normative rules to empirical data. Most of the research on portfolio efficiency analysis uses some set of empirical data, without considering the possible errors which may arise when a sample rather than the entire population is examined. The prevailing neglect of the sampling errors is a clear reflection of the complexity of the issue.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 15 , Issue 3 , September 1980 , pp. 655 - 688
Copyright
Copyright © School of Business Administration, University of Washington 1980

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References

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