Analyst forecasts and price discovery in
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Gerald D. Gay; Betty J. Simkins; Marian Turac
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Article
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2009
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John Wiley and Sons
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English
⚖ 182 KB
👁 2 views
## Abstract We investigate analyst forecasts in a unique setting, the natural gas storage market, and study the contribution of analysts in facilitating price discovery in futures markets. Using a high‐frequency database of analyst storage forecasts, we show that the market appears to condition exp