coefficients. Table 1. Goodness-of-Fit Measures Levels Global East Asia Latin Model with Risk Aversion=15 RMSE 6.41 10.78 8.32 Theil Coefficient 0.42 0.27 0.17 Correlation 0.49 0.78 0.89 Model with Risk Aversion=5 RMSE 9.81 14.32 15.20 Theil Coefficient 0.56 0.33 0.29 Correlation 0.23 0.74 0.72 MSCI Index RMSE 3.37 7.85 5.44 Theil Coefficient 0.25 0.22 0.12 Correlation 0.79 0.81 0.96 Differences