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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


Vol. 91, No. 5, Part 2 (Posted 2009-10-21)

Investment Analysts' Forecasts of Earnings

by Rocco Ciciretti, Gerald P. Dwyer, Jr., and Iftekhar Hasan

The literature on investment analysts' forecasts of firms' earnings and their forecast errors is enormous. This paper summarizes the evidence on the distribution of analysts' forecasts and forecast errors using data for all U.S. firms from 1990 to 2004.

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