
Vol. 83, No. 4
Fourth Quarter 1998

Data Vintages and Measuring Forecast Model Performance
John C. Robertson and Ellis W. Tallman
The authors argue that the choice of data vintage can have both a quantitative and a qualitative influence on forecast and model comparisons, at least over short horizons.

Valuation Models for Default-Risky Securities: An Overview
Saikat Nandi
The author of this article reviews developments in valuation models for defaultable securities dating back to Merton (1974), concluding that although researchers have improved considerably on the basic Merton framework, problems remain.

Venture Capital Investment: Emerging Force in the Southeast
Edgar Parker Phillip and Todd Parker
This article examines the history, structure, and evolution of the national venture capital industry and then focuses on current developments in the Southeast, including state policies promoting such investment.