Compute the means, standard deviations, skewness, and kurtosis of the annual HPR of large stocks and long-term Treasury bonds using the 30 years of data between 1983 and 2012. How do these statistics compare with those computed from the data for the period 1929–1944 (see data table worksheet)?
Which do you think are the most relevant statistics to use for projecting into the future?Which do you think are the most relevant statistics to
use for projecting into the future?