Journal of Financial and Quantitative Analysis Vol. 6 No. 2 1971
Business Finance: Discussion
Abstract
In “An Investigation of the Extrapolative Determinants of Short-Run Earnings Expectations,” Professor McEnally has presented a wide spectrum of research results dedicated to the following questions: Are short-run earnings estimates extrapolative and to what extent can these earnings estimates be approximated by familiar extrapolation techniques? His thesis is that expected future earnings are in part a function of prior earnings and that there is much to be learned by fitting a series of regressions or other forecasting models to historical data.
- DOI
- 10.2307/2329708
- Volume
- 6
- Issue
- 2
- Pages
- 729
- Sources
- openalex crossref semanticscholar