A multivariate analysis of earnings forecasts generated by financial analysts and univariate time series models
By: William S. Hopwood, William A. Collins
Contributors: Collins, William Arthur, 1938- joint author; University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
Series: Faculty working papers -- no. 527; Faculty working papers -- no. 527.
Publisher: College of Commerce and Business Administration, University of Illinois at Urbana-Champaign
Published: 1978
Place of publication: [Urbana, Ill.]
Language: eng
Number of pages: 21
Description: "The study provides evidence on the relative accuracy of forecasts of earnings generated from five sources including statistical models and financial analysts. The statistical models were chosen on the basis of their usage in recent studies in the literature. The results indicate that the five types of forecasts are not significantly different using a multivariate testing procedure."
Notes: Includes bibliographical references (p. 20-21).