question archive 1) Many students of financial statement analysis, like new analysts, produce overly optimistic forecasts for a firm
1) Many students of financial statement analysis, like new analysts, produce overly optimistic forecasts for a firm
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1) Many students of financial statement analysis, like new analysts, produce overly optimistic forecasts for a firm. Some managers are also optimistic in their forecasts. What would you see as evidence of such over-optimism in their forecasts, and what possible explanations are there for such behavior?
2) Ali Baba, an analyst with Smart Beta Inc., claims: ‘It is not worth my time to develop detailed forecasts of sales growth, profit margins, etcetera, to make earnings projections. I can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings’. What is the random walk model? Do you agree or disagree with Ali Baba’s forecast strategy? Why or why not?
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