A comparative examination of the time-series properties and predictive ability of annual historical cost and general price level adjusted earnings*

@inproceedings{Mckeown1988ACE,
  title={A comparative examination of the time-series properties and predictive ability of annual historical cost and general price level adjusted earnings*},
  author={James C. Mckeown and Hossein Shalchi},
  year={1988}
}
. This empirical study is a response to the FASB's call for further research into the properties of alternative accounting measurement methods. There exists no empirical evidence on the time-series properties and predictability of general price level (GPL)-adjusted annual earnings data. In order to assess the effect of the monetary gains or losses on the stochastic properties of GPL-adjusted data, earnings were calculated both with and without inclusion of the monetary gains or losses. The… CONTINUE READING