Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence
Business firms have always recognised the need for a view of the future and have used explicit forecasts in their decision making process. Forecasts of economic variables can be obtained directly from survey expectations. This study evaluates the rationality of economic forecasts made by rubber limi...
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| Format: | Article |
| Language: | English English |
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FAO
1994
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| Online Access: | http://psasir.upm.edu.my/id/eprint/8804/ http://psasir.upm.edu.my/id/eprint/8804/1/Are%20a%20rubber%20firm.pdf |
| _version_ | 1848840972478185472 |
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| author | Habibullah, Muzafar Shah |
| author_facet | Habibullah, Muzafar Shah |
| author_sort | Habibullah, Muzafar Shah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Business firms have always recognised the need for a view of the future and have used explicit forecasts in their decision making process. Forecasts of economic variables can be obtained directly from survey expectations. This study evaluates the rationality of economic forecasts made by rubber limited companies in a survey published in Business Expectations Survey of Limited Companies. Data on actual and forecast values of gross revenue, capital expenditure and employment are subjected to unbiasedness, and have no serial correlation, efficiency and orthogonality tests for rationality. Findings suggest that forecast values are unbiased predictors of actual values. Moreover, rubber firms in Malaysia were also found to be rational and utilised all available information efficiently when making forecasts |
| first_indexed | 2025-11-15T07:35:50Z |
| format | Article |
| id | upm-8804 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T07:35:50Z |
| publishDate | 1994 |
| publisher | FAO |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-88042015-09-17T06:06:43Z http://psasir.upm.edu.my/id/eprint/8804/ Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence Habibullah, Muzafar Shah Business firms have always recognised the need for a view of the future and have used explicit forecasts in their decision making process. Forecasts of economic variables can be obtained directly from survey expectations. This study evaluates the rationality of economic forecasts made by rubber limited companies in a survey published in Business Expectations Survey of Limited Companies. Data on actual and forecast values of gross revenue, capital expenditure and employment are subjected to unbiasedness, and have no serial correlation, efficiency and orthogonality tests for rationality. Findings suggest that forecast values are unbiased predictors of actual values. Moreover, rubber firms in Malaysia were also found to be rational and utilised all available information efficiently when making forecasts FAO 1994 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/8804/1/Are%20a%20rubber%20firm.pdf Habibullah, Muzafar Shah (1994) Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence. Journal of Natural Rubber Research, 9 (1). pp. 56-64. ISSN 0127-7065 http://agris.fao.org Capital movements English |
| spellingShingle | Capital movements Habibullah, Muzafar Shah Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title | Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title_full | Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title_fullStr | Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title_full_unstemmed | Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title_short | Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| title_sort | are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence |
| topic | Capital movements |
| url | http://psasir.upm.edu.my/id/eprint/8804/ http://psasir.upm.edu.my/id/eprint/8804/ http://psasir.upm.edu.my/id/eprint/8804/1/Are%20a%20rubber%20firm.pdf |