Do Financial Analysts Form Forecasts Rational?

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Do Financial Analysts Form Forecasts Rational?

Most prior studies test analysts earnings forecast based on different assumptions of loss function. Under ordinary least squares (OLS) regression, prior studies find that financial analysts do not incorporate information rationally when they form their earnings forecasts. Some empirical studies argu...

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Bibliographic Details
Main Author:	Liu, Yang
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2008
Online Access:	https://eprints.nottingham.ac.uk/22140/

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