An Analysis of Stockbrokers' Profit Forecasts
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Abstract
The relative accuracy of profit forecasts was analysed for six firms of brokers. ANOVA was used to look first at performance across industrial sectors, then between industries. Individual broker's forecasts were significantly different in accuracy on the first measure and in general levels of accuracy between industries in the second. When a consensus forecast was calculated this always performed worse than the best individual.
Keywords
Citation
Atrill, P.F., Mangles, T. and McLaney, E.J. (1987), "An Analysis of Stockbrokers' Profit Forecasts", Management Research News, Vol. 10 No. 1, pp. 6-6. https://doi.org/10.1108/eb027899
Publisher
:MCB UP Ltd
Copyright © 1987, MCB UP Limited