Mira, Svetlana; Taylor, Nicholas - In: Journal of Forecasting 30 (2011) 8, pp. 679-705
earnings, while all other analysts are assumed to issue forecasts based on the prevailing consensus forecast. Given this … behavioural dichotomy, we are able to derive (and estimate) a structural econometric model of forecast behaviour, which has … implications regarding the determinants of analysts' private information endowments and forecast accuracy over the forecast horizon …