Download or read book A Multivariate Analysis of Earnings Forecasts Generated by Financial Analysts and Univariate Time Series Models written by William S. Hopwood and published by . This book was released on 1978 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book A Multivariate Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysts and Univariate Time Series Models written by William S. Hopwood and published by . This book was released on 1979 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study compares the forecast accuracy of financial analysts, ARIMA models, and various permier models considered in the literature in the predicting of annual earnings per share. Various refinements were made of previously used methodologies. The results of the multivariate analysis indicated that financial analysts provide the most accurate forecasts. In addition, the divergence in accuracy between the various sources of forecasts tend to decrease as the end of the year approaches, while at the same time there is a general increase in accuracy. Also specific results are provided for individual model performance.
Download or read book A Multivariat Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysis and Univariate Time Series Models written by William S. Hopwood and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Applications in Finance Investments and Banking written by Diem Ho and published by Springer Science & Business Media. This book was released on 1998-12-31 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Not as in trying to get work as a teller, but applying mathematical and economic tools to optimization in portfolio management, regulatory issues in financial product management, and investment management issues in both domestic and international markets. In eight studies, examines principles for controlling asset liability management strategies in banks and insurance companies; a unified approach to performance attribution, volatility; diversifying earnings forecast errors through composites of market-based analyst and time-series predictions, the valuation of cross-currency interest-sensitive claims with application to Diff swaps, and other topics. Double spaced. No index. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Investment Valuation written by Aswath Damodaran and published by John Wiley & Sons. This book was released on 2012-04-17 with total page 999 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive source of information on all topics related to investment valuation tools and techniques Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation. Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added. An expansion of ancillaries include updated online databases, spreadsheets, and other educational support tools Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments Revised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuation Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation This indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Download or read book Financial Analysis and the Predictability of Important Economic Events written by Ahmed Riahi-Belkaoui and published by Bloomsbury Publishing USA. This book was released on 1998-07-28 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial analysis, based on ratio analysis, has been used as a tool for analyzing the financial strength of corporations. Although ratio analysis is generally used as a univariate strategy, the accounting and finance literature has evolved to include multivariate-based models in financial analysis, and these models can be used to explain important economic events and often predict them. Thus, in an exhaustive coverage of the economic events to which they can be applied, Riahi-Belkaoui discusses these models in a way that will have special value to corporate management, financial planners, and to their colleagues in the academic community who specialize in business and economic analysis.
Download or read book ACRN Proceedings in Finance and Risk Series 13 written by Dr. Othmar M. Lehner and published by ACRN Publishing House. This book was released on 2014-03-06 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the 14th FRAP Finance, Risk and Accounting Perspectives conference taking place in Cambridge UK.
Download or read book Estimating the Cost of Capital Implied by Market Prices and Accounting Data written by Peter Easton and published by Now Publishers Inc. This book was released on 2009 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimating the Cost of Capital Implied by Market Prices and Accounting Data focuses on estimating the expected rate of return implied by market prices, summary accounting numbers, and forecasts of earnings and dividends. Estimates of the expected rate of return, often used as proxies for the cost of capital, are obtained by inverting accounting-based valuation models. The author describes accounting-based valuation models and discusses how these models have been used, and how they may be used, to obtain estimates of the cost of capital. The practical appeal of accounting-based valuation models is that they focus on the two variables that are commonly at the heart of valuations carried out by equity analysts -- forecasts of earnings and forecasts of earnings growth. The question at the core of this monograph is -- How can these forecasts be used to obtain an estimate of the cost of capital? The author examines the empirical validity of the estimates based on these forecasts and explores ways to improve these estimates. In addition, this monograph details a method for isolating the effect of any factor of interest (such as cross-listing, fraud, disclosure quality, taxes, analyst following, accounting standards, etc.) on the cost of capital. If you are interested in understanding the academic literature on accounting-based estimates of expected rate of return this monograph is for you. Estimating the Cost of Capital Implied by Market Prices and Accounting Data provides a foundation for a deeper comprehension of this literature and will give a jump start to those who have an interest in these topics. The key ideas are introduced via examples based on actual forecasts, accounting information, and market prices for listed firms, and the numerical examples are based on sound algebraic relations.
Download or read book An Empirical Investigation of Bias in Analysts Earnings Forecasts written by Hakan Saraoglu and published by . This book was released on 1996 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecasting Profit written by Mike Metcalfe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about managing the task of forecasting profit. It builds a case for using multiple methods, providing examples of each method, and suggesting practical techniques to use in dealing with the issues and problems of accuracy in profit forecasts. All the elements that infringe on profits (costs, sales, budgeting, investment, and loan default) are examined within this framework. In addition to synthesizing the research, Professor Metcalfe has applied his own research work on forecast modeling and judgmental methods. The final result is a practical reference book for making more accurate profit forecasts.
Download or read book BEBR Faculty Working Paper written by and published by . This book was released on 1980 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Business Research written by and published by . This book was released on 1992 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Handbook of Forecasting written by Spyros G. Makridakis and published by Wiley-Interscience. This book was released on 1987-04-03 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: Role and application of forecasting in organizations; Introduction to management forecasting; Sales forecasting requirements; Forecasting requirements for operations planning and control; Capacity planning forecasting requirements; Financial forecasting; Forecasting and strategic planning; Forecasting in the electric utility industry; State and local government revenue forecasting; Population forecasting; Forecasting: the issues; Approaches to forecasting; Smoothing methods for short-term planning and control; A practical overview of arima models for time series forecasting; Decomposition methods for medium term planning annnd budgeting; Econometric methods for managerial applications; Judgemtal and bayesian forecasting; An integrated approach to medium andlong term forecasting: the marketing mix system; Forecasting challenges; Forecasting and the environment: the challenges of rapid change; Price forecasting using experience curves and the product life-cycle concept; Life cycle forecasting; Forecasting recessions; Forecasting macroeconomic variables: an eclectic approach; ; Managing the forecasting functions; Forecasting and planning: an evaluation; Integrating forecasting and decision making; The forecasting audit; The future of forecasting.
Download or read book Journal of Banking Finance written by and published by . This book was released on 1994 with total page 1324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book written by and published by . This book was released on 1996 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Quarterly Review of Economics and Finance written by and published by . This book was released on 1997 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Usefulness to Investors and Creditors of Information Provided by Financial Reporting written by Paul A. Griffin and published by . This book was released on 1987 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
