I investigate the dynamics of analyst forecast errors relative to economic policy uncertainty and find a significant … positive relation between economic policy uncertainty and analyst forecast errors. A doubling of economic policy uncertainty is … associated with a 4.29 percentage points increase in earnings (EPS) forecast errors, and the volatility and dispersion in analyst …

backtesting procedure that evaluates how well these extra-financial metrics help in predicting a company's idiosyncratic risk …

investment managers, it remains a theoretical and empirical puzzle. In theory the forward rate should be an unbiased forecast of …

positively associated with analyst coverage, the size of forecast errors, as well as the extent of forecast dispersion … and both forecast accuracy and dispersion is stronger for firms in the resources and mining industries, and for longer … forecast horizons. Our results are consistent with heightened EPU being associated with a decline in firms’ information …

frequently participate in the survey manage to significantly outperform the random-walk forecast. For the central bank's policy … rate, the market participants typically have a statistically significant higher forecast accuracy than the random …-walk forecast at the three-month horizon; however, at the two- and five-year horizons, the random-walk forecast typically outperform …

data) between the PPP-based forecast models, and the Vector Autoregresive (VAR) ones. The VAR method has a better …

This paper evaluates aggregated survey forecasts with forecast horizons of 3, 12, and 24 months for the exchange rates … common forecast accuracy measures. Additionally, the rationality of the exchange rate predictions are assessed utilizing …

forecast accuracy: Mean Squared Prediction Error and Mean Directional Accuracy. We also show that the first principal component …