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implications for forecast efficiency and the stock market. We find that the two sets of forecasts strongly covary over the 1984 to … aggregate earnings, the converse is not true. Additional tests suggest that analysts underreact to economists' negative forecast … revisions (i.e., aggregate earnings forecast errors are predictably more negative following economists' downward forecast …
Persistent link: https://www.econbiz.de/10013096055
analysts tend to put higher weight on public information when the current forecast consensus is more consistent with their …
Persistent link: https://www.econbiz.de/10012823357
find that their forecast properties are associated with the adverse macroeconomic conditions at the time of initial hire or …
Persistent link: https://www.econbiz.de/10013063317
analysts tend to put higher weight on public information when the current forecast consensus is more consistent with their …
Persistent link: https://www.econbiz.de/10014239800
Persistent link: https://www.econbiz.de/10000486409
various types of legal and shadow economic activities and their interrelations. The model is used to forecast the whole (legal … Ukrainian authorities take an active position in the implementation of the developed forecast for the economic development of …
Persistent link: https://www.econbiz.de/10012264616
Persistent link: https://www.econbiz.de/10003412031
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Persistent link: https://www.econbiz.de/10010199951
We analyze the quality of macroeconomic survey forecasts. Recent findings indicate that they are anchoring biased. This irrationality would challenge the results of a wide range of empirical studies, e.g., in asset pricing, volatility clustering or market liquidity, which rely on survey data to...
Persistent link: https://www.econbiz.de/10009270413