04/07/2008

Reassessing the Accuracy of Analyst Estimates

Shuichi Chizawa 

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Unlike the prestigious I/B/E/S consensus forecast in the U.S. and Europe, analyst estimates in Japan are not highly regarded, and even empirically shown to be less accurate than management guidance or financial press forecasts by Toyo Keizai and Nikkei. However, we found that consensus estimates from IFIS Japan may enjoy a slight edge over Toyo Keizai’s forecasts.

Shuichi Chizawa

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