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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
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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
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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
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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
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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
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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
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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
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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
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Fixed Effects Estimation of Structural Parameters and Marginal Effects in Panel Probit Models
Fernandez-Val, Ivan - Department of Economics, Boston University - 2007
Fixed effects estimators of nonlinear panel models can be severely biased due to the incidental parameters problem. In … this paper I find that the most important component of this incidental parameters bias for probit fixed effects estimators … of index coefficients is proportional to the true value of these coe±cients, using a large-T expansion of the bias. This …
Persistent link: https://www.econbiz.de/10005209373
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Fixed Effects Estimation in Panel Nonlinear Fractional Response Models
Li, Xiaoming - Department of Economics, University of Connecticut - 2011
parameters problem, that is, the asymptotic bias in the estimation of typical fixed effects panel models generally results in …Estimations of nonlinear panel models that include individual specific fixed effects are complicated by the incidental … square estimator (NLSE) and estimators of the average partial effects in panel fractional response models. The resulting …
Persistent link: https://www.econbiz.de/10009643791