widely-used income-side version GDPI . We propose and explore a "forecast combination" approach to combining them. We then …

firms and often issue several forecasts in a single day. We find that forecast accuracy declines over the course of a day as … closely with the consensus forecast, by self-herding (i.e., reissuing their own previous outstanding forecasts), and by … issuing a rounded forecast. Finally, we find that the stock market understands these effects and discounts for analyst …

volatility forecast, coupled with a parametric lognormal-normal mixture distribution implied by the theoretically and empirically …

--they are not observed at the time that the forecast is made--but can nonetheless improve forecasting accuracy by reducing … standard examples of forecasting excess bond and equity returns. We find substantial improvements in out-of-sample forecast …