В търсене на вътрешноприсъщите фактори на пазарните множители при прилагане на регресионен модел
In Searching of the Intrinsic Factors of the Price Multiples for Regression Model Application

Summary/Abstract: The paper examines the features of the regression analysis application in valuation with market multiples. We review the studies that model market multiples using a linear regression model. An emphasis is placed on the pitfalls of the application of the linear regression model. We consider the Price/Earnings multiple to derive its intrinsic factors. We apply the sensitivity analysis to determine the type of relationship between the Price/Earnings ratio and its driving factors.

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