Datar, Srikant M.; Jain, Apurv; Wang, Charles C. Y.; … - 2021
We provide a comprehensive examination of whether, to what extent, and which accounting variables are useful for … the prediction models. For near-term (current and next-quarter) GDP growth, accounting does not improve the out …-of-sample accuracy of predictions because the professional forecasters' predictions are relatively efficient. Accounting's predictive …