In this study, we postulate that forecasters desire to improve their performance by studying their past forecasting errors. To improve performance, forecasters may measure their past mistakes and revise their forecasts by forecast revision techniques. In an empirical test, forecasts of fifty...

Earnings forecasts provide useful numerical information concerning the expectations of a firm's future prospects and indicate management's ability to anticipate a firm's changing internal structure and external environment. The reasons for studying the accuracy of earnings forecasts is due to...