Predicting Stock Return with Economic Constraint: Can Interquartile Range Truncate the Outliers?

Table 7

Alternative parameters about CER.

γ = 2		γ = 4		γ = 6		ω = [0, 1.5]		TC = 50
Original	IQR	Original	IQR	Original	IQR	Original	IQR	Original	IQR
−2.911	−2.698	−0.890	−0.750	0.232	0.342	−1.127	−1.013	−1.945	−1.789
−3.535	−3.519	−1.159	−1.151	−0.051	−0.031	−1.141	−1.130	−2.379	−2.370
0.240	0.404	0.336	0.445	0.341	0.430	0.537	0.608	0.135	0.256
−0.337	0.010	−0.266	−0.018	−0.571	−0.389	−0.207	0.048	−0.303	−0.025
−0.077	0.299	−0.332	0.118	−0.478	−0.020	−0.202	0.159	−0.282	0.108
−2.896	−2.854	−1.898	−1.851	−1.513	−1.466	−1.428	−1.428	−2.449	−2.404
0.294	0.671	−0.034	0.328	−0.254	0.088	0.530	0.862	0.368	0.711
0.751	1.008	1.253	1.515	0.974	1.190	1.479	1.680	1.330	1.555
−0.043	0.191	0.724	0.938	0.602	0.761	0.959	1.144	0.434	0.646
0.476	0.756	0.299	0.593	−0.103	0.110	0.591	0.820	−1.083	−0.798
1.443	1.820	1.184	1.591	0.554	0.903	1.555	1.917	1.299	1.670
−0.788	−0.457	−0.701	−0.402	−0.775	−0.478	−0.361	−0.111	−0.494	−0.225
0.334	0.630	0.435	0.628	0.331	0.476	0.569	0.751	−0.020	0.213
−0.083	0.222	0.180	0.466	0.076	0.289	0.272	0.504	−0.466	−0.213