Do investors learn about analyst accurac
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Charles Chang; Hazem Daouk; Albert Wang
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Article
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2009
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John Wiley and Sons
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English
β 165 KB
## Abstract We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. The straightβforward relationship between supply and price, the economic importance of the market, the predictable timing of forecast error realizations, and the high frequenc