a firm's profitability. However, few studies allow for the decomposition of a firm's profitability into market, industry … shocks, and then assess whether and when this decomposition results in improved forecasts of profitability. For the overall … based on the decomposed values are superior versus forecasts using only total profitability. Across the sample as a whole …

estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …

estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …

estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …

projected income statements. The method assumes that all costs are variable, implying that profit margin is constant. Profit … present in the short-run, resulting in forecast errors. I propose a short equation that incorporates the initial profit margin …, the sales growth rate, and the ratio of fixed cost to initial sales that renders more accurate profit estimates while …