...Jaewoo Kim; Bryce Schonberger; Charles Wasley; Yucheng Yang (John) ABSTRACT This study examines whether information revealed by firms’ earnings announcements (EAs) forecasts short-run market-wide volatility in equity index prices. Using an exponential generalized autoregressive conditional...

...Peter D. Easton; Martin M. Kapons; Steven J. Monahan; Harm H. Schütt; Eric H. Weisbrod ABSTRACT We use a simple k-nearest neighbors algorithm (hereafter, k-NN*) to forecast earnings. k-NN* forecasts of one-, two-, and three-year-ahead earnings are more accurate than those generated...

...Danielle H. Green; Erin Henry; Sarah M. Parsons; George A. Plesko ABSTRACT We examine whether public financial statement information is incrementally useful in forecasting confidential taxable income. More precise firm-level taxable income forecasts can improve policymakers' modeling of the tax...

...Alexander Brüggen; Isabella Grabner; Karen L. Sedatole ABSTRACT Periodic demand forecasts are the primary planning and coordination mechanism within organizations. Because most demand forecasts incorporate human judgment, they are subject to both unintentional error and intentional opportunistic...

...Woo-Jin Chang; Steven J. Monahan; Amine Ouazad; Florin P. Vasvari ABSTRACT We evaluate whether reported accounting numbers are informative about earnings uncertainty and whether earnings uncertainty is priced. We use quantile regressions to forecast the standard deviation, skewness, and kurtosis...

... the out-of-sample accuracy of profitability and growth forecasts over analyzing firms pooled across the economy and analyzing firms by industry. The improved accuracy is robust to both short-term and long-term forecasts of profitability and growth. We also find that the improvement in accuracy...

... and accounting fundamentals. Data Availability: Data are available from public sources identified in the study. 2012 fundamental analysis speculative markets co-movement forecasting This paper is based on Chapter 3 of my dissertation from...

... and convergence patterns of profitability. For example, return on net operating assets (RNOA) does not mean-revert (spread of 7 percent after five years between mature and decline firms) when examined by life cycle stage, which has implications for growth rates and forecast horizons. Further, determinants...