Which of the following variables was NOT considered significant in explaining stock returns?
A) industrial production
B) changes in the risk premium
C) consumption
D) twists in the yield curve
E) inflation

Question

Quizplus · Accepted Answer

The other variables (industrial production, changes in the risk premium, twists in the yield curve, and inflation) have all been found to have some level of significance in explaining stock returns, while consumption has not been found to be significant in some studies.

Which of the Following Variables Was NOT Considered Significant in Explaining