Ahlers, David; Lakonishok, Josef - In: Management Science 29 (1983) 10, pp. 1113-1125
This study examines the ability of economists to forecast ten major economic series. The data for this study were provided by J. A. Livingston of the Philadelphia Inquirer, who since 1947 has collected forecasts for the upcoming 6 and 12 months. The results reveal that, in general, for the...