Are Financial Analysts' Earnings Forecasts Rational?

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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...

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Bibliographic Details
Main Author:	Wu, Chun Hua
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2008
Online Access:	https://eprints.nottingham.ac.uk/22426/

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