Return predictability is a research area within finance and economics that focuses on studying the ability to forecast future returns on financial assets. Researchers use various methods, such as statistical modeling, fundamental analysis, and technical analysis, to analyze historical data and predict the direction and magnitude of future returns. The goal of return predictability research is to help investors make informed decisions about their investments and manage risk effectively. This field also explores the factors and variables that influence asset returns, such as interest rates, economic indicators, and market sentiment.