TESTING RATIONAL EXPECTATION HYPOTHESIS ON FINANCIAL ANALYSTS EARNINGS FORECAST: A CASE STUDY IN UK
The main objective of this dissertation is to test rational expectation hypothesis on earnings forecast in United Kingdom market. Ordinary Least Squares (OLS) and Least Absolute Deviation (LAD) are introduced and presented. The study examines the efficiency of the analysts earnings forecast by testi...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2008
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| Online Access: | https://eprints.nottingham.ac.uk/22041/ |