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expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to … to adopt a multiple earnings forecast (a portfolio) approach in the statutory sanctions period, particularly for the … conservative in their earnings forecasting compared to those expecting worse earnings performance. Although this asymmetrical …
Persistent link: https://www.econbiz.de/10013107302
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10010284033
Time series regressions indicate that age structure has significant forecasting power on Swedish inflation. The results … effects are also relatively well in accordance with what could be expected from life-cycle theory. In the forecasting exercise … the age model outperforms the estimated benchmarks; i.e. two autoregressive models, an ARIMA and the 2 per cent forecast …
Persistent link: https://www.econbiz.de/10010321784
Models based on economic theory have serious problems at forecasting exchange rates better than simple univariate … this paper, we propose to forecast exchange rates with a large Bayesian VAR (BVAR), using a panel of 33 exchange rates vis … forecasting. In addition, we adopt a driftless random walk prior, so that cross-dynamics matter for forecasting only if there is …
Persistent link: https://www.econbiz.de/10010280768
Several recent empirical studies have examined the gender effects of education on economic growth or on steady-state level of output using the much exploited, familiar crosscountry data in order to determine their quantitative importance and the direction of correlation. This paper undertakes a...
Persistent link: https://www.econbiz.de/10010500205
This paper attempts to identify and examine labor intensive industries in the organized manufacturing sector in India in order to understand their employment generation potential. Using the data from the Annual Survey of Industries (Government of India, various issues), the labor intensity for...
Persistent link: https://www.econbiz.de/10011807642
forecast complexity. We aim to identify model elements which are crucial for the valuation of project finance in practice … analyze their impact on the valuation result. For forecast complexity, we apply different volatility and correlation … forecasting techniques, e.g. correlation forecasts based on historical values and on a dynamic conditional correlation (DCC) model …
Persistent link: https://www.econbiz.de/10010305715
forecasting model for another variable, and hence our use of terminology such as ?out-of-sample Granger causality? (see e …
Persistent link: https://www.econbiz.de/10010263216
We bring together some recent advances in the literature on vector autoregressive moving-average models creating a relatively simple specification and estimation strategy for the cointegrated case. We show that in the cointegrated case with fixed initial values there exists a so-called final...
Persistent link: https://www.econbiz.de/10010316827
This study examines the evolution of econometric research in business cycle analysis during the 1960-90 period. It shows how the research was dominated by an assimilation of the tradition of NBER business cycle analysis by the Haavelmo-Cowles Commission approach, catalysed by time-series...
Persistent link: https://www.econbiz.de/10010280775