Are Financial Analysts' Earnings Forecasts Rational?
Prior studies provide conflictive findings of rational expectation tests on financial analysts forecasts based on different assumptions of loss function. Most studies using the ordinary least squares (OLS) regression tests which implicitly assume analysts face a quadratic loss function document that...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2008
|
| Online Access: | https://eprints.nottingham.ac.uk/22426/ |