The Predictive Power of Implied Volatility: Evidence from the Over-the-Counter Stock Index Options Market in Hong Kong and Japan by Wayne Yu, Evans Lui

In preparing for this weekend's derivatives lecture, I found this new paper by Yu and Lui that is consistent with the previous view that Implied Volatility is a better forecaster than either historical (naive) forecasts or GARCH forecasts.One look at their paper from SSRN-The Predictive Power of Implied Volatility: Evidence from the Over-the-Counter Stock Index Options Market in Hong Kong and