Loss Function Assumptions in Rational Expectations Tests on Financial Analysts Earnings Forecasts
ABSTRACT The inefficiency of the Financial Analysts in using the public information whilst making their Earnings Forecasts has been documented by numerous previous researches. The previous researches assume that analysts aim to minimize their mean squared forecast errors i.e. analyst face a quadrati...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2008
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| Online Access: | https://eprints.nottingham.ac.uk/22344/ |