decision-making process can yield more accurate predictions and enhance the performance of quantitative trading strategies … that more basic models such as GPT-1, GPT-2, and BERT cannot accurately forecast returns, indicating return predictability …

This paper tests the performance of stock market forecasts derived from technical analysis by means of a specific …. Two test statistics are introduced to utilize the indicator. The results show that the forecasts generated from the … indicator would enable investors to escape most of the crashes and catch most of the bull runs. The trading signals provided by …

distribution of forecasts by financial analysts. We evaluate the implications of a third salient benchmark: the most optimistic … forecast when actual earnings exceed the consensus and the most pessimistic forecast when the consensus exceeds actual earnings …. We find that considering the information in these tails of the distribution of analysts' earnings forecasts enhances the …

decision as an exogenous shock, I find that cross-predictability is weaker for firms that are restricted from actively engaging …

forecasts. Yet bias does not necessarily invalidate a forecast, nor does it impinge on its relative quality. We find that … analysts' forecasts are optimistic relative to recently introduced fundamental alternatives. However, analysts' forecasts have … lower absolute deviation and the information in their earnings forecasts has predictive value for near-term stock returns …