Combining analysts' forecasts with causal model forecasts of earnings growth

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dc.authorscopusid7801643764
dc.contributor.authorTerregrossa, S.J.
dc.date.accessioned2024-07-18T20:16:58Z
dc.date.available2024-07-18T20:16:58Z
dc.date.issued1999
dc.description.abstractIn combination forecasting the conventional approach is to combine the experts' or the analysts' forecast with a time-series model forecast. An alternative approach is to combine the analysts' forecast with a causal model forecast. The major component of the proposed expected-return/causal model is the Capital Asset Pricing Model (CAPM). It is found that combining financial analysts' consensus forecasts with CAPM simulated ex-ante forecasts consistently leads to superior forecasts of five-year earnings-per-share growth rates, on average, relative to either component forecast. This result holds over four adjacent five-year time horizons, ending in 1990, the last year of the study.en_US
dc.identifier.doi10.1080/096031099332401
dc.identifier.endpage153en_US
dc.identifier.issn0960-3107
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-0040629751en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage143en_US
dc.identifier.urihttps://doi.org/10.1080/096031099332401
dc.identifier.urihttps://hdl.handle.net/11411/6335
dc.identifier.volume9en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofApplied Financial Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleCombining analysts' forecasts with causal model forecasts of earnings growth
dc.typeArticle

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