This study investigates whether the properties of sell-side analysts' earnings forecasts are associated with the adverse macroeconomic conditions that exist at the time of their initial hire or major promotion. We find that analysts who begin their career in an economic recession are more...

This chapter has described tools to improve forecasting of trends and of the effects of interventions. Among these methods, role playing and rule-based forecasting have seldom been used lot environmental forecasting. Role playing is appropriate when forecasting the outcome of a situation...