A note on the effectiveness of security analysts’ forecasts

A note on the effectiveness of security analysts’ forecasts

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Article ID: iaor1993560
Country: Netherlands
Volume: 50
Issue: 1
Start Page Number: 19
End Page Number: 21
Publication Date: Jan 1991
Journal: European Journal of Operational Research
Authors: , ,
Keywords: forecasting: applications
Abstract:

The purpose of this note is to examine the effectiveness of security analysts’ forecasts diversified sample of 159 firms with a 1980-1982 post-sample estimation period. The results of this study indicate the analysts’ forecasts produce statistically significant excess returns.

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