Which of the following is true regarding earnings forecasts made by analysts versus forecasts made by statistical models? The evidence tends to:
A) support analysts' forecasts in terms of accuracy over statistical models.
B) support statistical models' forecasts in terms of accuracy over analysts' forecasts.
C) support both types of forecasts equally.
D) not support either type of forecast in terms of accuracy.

Question

Quizplus · Accepted Answer

Analysts' forecasts are generally considered more accurate than statistical models because they incorporate qualitative information and insights that models may not capture.

Which of the Following Is True Regarding Earnings Forecasts Made