earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …

predict that this reluctance allows each firm's conservative forecast to be heavily influenced by the firm's past performance …

error, while small unpredictable components can lead to gains in forecast accuracy. Based on our results, we formulate the … available forecast for each forecaster and the difference between the average and the forecast that this forecaster previously … made. We extended the knowledge base by analyzing the unpredictable component of the earnings forecast. We found that for …

-the dividend and earnings yields-on the South African market, at both aggregated and sectoral level. Unlike most studies in South …

. We also find that analyst biases do not have an impact on forecast dispersion …