Do Financial Analysts Form Forecasts Rational?
Abstract Most prior studies test analyst's 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 empiri...
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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/22429/ |