Persistence of UK Real Estate returns: a Markov chain analysis

The persistence of investment performance is a topic of perennial interest to investors. Efficient Markets theory tells us that past performance can not be used to predict future performance yet investors appear to be influenced by the historical performance in making their investment allocation decisions. The problem has been of particular interest to investors in real estate; not least because reported returns from investment in real estate are serially correlated thus implying some persistence in investment performance. This paper applies the established approach of Markov Chain analysis to investigate the relationship between past and present performance of UK real estate over the period 1981 to 1996. The data are analysed by sector, region and size. Furthermore some variations in investment performance classification are reported and the results are shown to be robust

Small grain forage yields at Overton for 1997-1998 and three-year means

Last updated: 10/19/201

Small Grain Forage Yields at Overton 1986-1989

Last updated: 6/9/200

Northeast Texas Wheat Grain Variety Trials - 1989

Last updated: 6/9/200

Rye Forage Yields at Overton for 1998-99 and Three-Year Means

Last updated: 6/15/201

Effect of AmiSorb on Nutrient Uptake of Coastal Bermudagrass

Last updated: 6/12/200

Ryegrass Forage Yields at Overton for 1998-99 and Three-Year Means

Last updated: 6/12/200

Herbicidal Control of Annual Ryegrass in Wheat

Last updated: 6/9/200

Oat Forage Yields at Overton for 1998-99 and Three-Year Means

Last updated: 6/15/201

Wheat and Oat Grain Variety Tests for 1989 and 3 Year Averages

Last updated: 6/9/200