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Forecasting U.S. car sales and car registrations in Japan: Rationality, accuracy and herding

Pierdzioch, Christian; Rülke, Jan-Christoph; … - In: Japan and the World Economy 23 (2011) 4, pp. 253-258

forecast. We further show that cross-sectional heterogeneity of forecasts with regard to anti-herding transmits onto cross …

Persistent link: https://www.econbiz.de/10011056238

Does shareholder protection affect the performance of analysts as a gatekeeper?

Koch, Christopher; Nilsson, Ola; Eriksson, Katarina - In: Journal of Management and Governance 18 (2014) 2, pp. 315-345

This paper investigates the effect of shareholder protection on analysts’ performance. The important corporate governance role analysts can play by monitoring management has largely been ignored in the literature. Using a newly constructed index, we are for the first time able to analyse how...

Persistent link: https://www.econbiz.de/10010867179

On the herding instinct of interest rate forecasters

Bewley, Ronald; Fiebig, Denzil G. - In: Empirical Economics 27 (2002) 3, pp. 403-425

It is not uncommon to observe the published forecasts of economic commentators closely bunched together over long periods of time. In our case, the phenomenon is observed for eight national panels of economists who report monthly forecasts. A framework is developed that conveniently nests within...

Persistent link: https://www.econbiz.de/10005184242

Evaluating Population Forecast Accuracy: A Regression Approach Using County Data

Tayman, Jeff; Smith, Stanley; Rayer, Stefan - In: Population Research and Policy Review 30 (2011) 2, pp. 235-262

Persistent link: https://www.econbiz.de/10008926246

Takeover prediction using forecast combinations

Rodrigues, Bruno Dore; Stevenson, Maxwell J. - In: International Journal of Forecasting 29 (2013) 4, pp. 628-641

The ability to identify likely takeover targets at an early stage should provide investors with valuable information, enabling them to profit by investing in potential target firms. In this paper we contribute to the takeover forecasting literature by suggesting the combination of probability...

Persistent link: https://www.econbiz.de/10010709411

Applicability of time series combined models in forecasting the regional labour market indicators

Kába, Bohumil; Svatošová, Libuše - In: Acta Universitatis Bohemiae Meridionales 10 (2007) 2, pp. 27-34

The paper has a methodological character. It deals with possibilities of univariate time series models use in forecasting the regional labour market indicators. The main attention is focused on methodology for combining forecasts from different individual procedures. Forecasting performances of...

Persistent link: https://www.econbiz.de/10010638378

Product Launches with Biased Reviewers: The Importance of Not Being Earnest

Gill, D.; Sgroi, D. - Faculty of Economics, University of Cambridge - 2003

The standard simple sequential herding model is altered to allow a firm with a new product to have it reviewed publicly …

Persistent link: https://www.econbiz.de/10005783848

GMM Estimation of Autoregressive Roots Near Unity with Panel Data

Moon, Hyungsik Roger; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2003

This paper investigates a generalized method of moments (GMM) approach to the estimation of autoregressive roots near … unity with panel data and incidental deterministic trends. Such models arise in empirical econometric studies of firm size … and in dynamic panel data modeling with weak instruments. The two moment conditions in the GMM approach are obtained by …

Persistent link: https://www.econbiz.de/10005463904

Bias Correction in Panel Data Models with Individual Specific Parameters

Fernandez-Val, Ivan - Department of Economics, Boston University - 2005

due to the finite-sample bias of IV estimators. This paper introduces a new class of bias-corrected fixed effects … estimators for panel data models where the response to the regressors can be individual-specific in an unrestricted fashion … are derived from large-T expansions of the finite-sample bias, and reduce the order of this bias from O(T¡1) to O(T¡2) for …

Persistent link: https://www.econbiz.de/10004972908

When does Heckman’s two-step procedure for censored data work and when does it not?

Jonsson, Robert - In: Statistical Papers 53 (2012) 1, pp. 33-49

Persistent link: https://www.econbiz.de/10010848056