Authors
Rishi
Sharma
Report Reference
#2004-2006
US LOA CHINOOK PROPOSAL
Publication Date
2006
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Fixes
or Alternatives to the Individual Stock Based Management (ISBM) provisions
Abstract |
| This
report covers alternatives to the current approach used to generate
Individual Stock Based Management (ISBM) indices. As shown by Sharma
(2005), there are numerous problems with the current index. These
stem from the fact that the model and coded-wire tagged (CWT) based
indices do not track each other. Biases were large across most stocks
(Sharma 2005) and the index was instable due to an incomplete brood
effect. Besides these issues, a lag-time for two years existed before
any evaluation was possible, because CWT reporting lagged by two years,
and finally the overall coverage of CWT’s to represent different
stocks is poor. |
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(908
KB )