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Forecasting stock market returns over multiple time horizons

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Figure

Figure  1:  The  profiles  of  the  energy  surface  and  the  potential  well  corresponding  to �� ≳ 1 and
Figure  3:  Sentiment  evolution  in  the  two‐component  theoretical  model  with �� � 1,  15
Figure 6: Sentiment evolution in the nine‐component empirical model with �� � 1, 2, 3, 4, 11, 15, 19,
Table I: Statistics based on monthly returns
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