What question did this study set out to answer?

The aim is to evaluate the accuracy of management forecasts versus analysts' forecasts.

Further Evidence on the Accuracy of Management Forecasts Vis-a-Vis Analysts' Forecasts.

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This analysis compares management forecasts and analysts' forecasts, suggesting varying accuracy based on publication timing and industry.

The aim is to evaluate the accuracy of management forecasts versus analysts' forecasts.
Comparison of management and analysts' forecasts from Value Line investment Service.
Analysis focused on publications made voluntarily by management.
Performance examined on an industry basis, including chemicals and services.
Management forecasts are generally more accurate, especially when released after analysts' forecasts.
Industries like chemicals and services show better management forecast performance.
No significant accuracy difference was found in utilities and banks.

Bikki Jaggi (1980) studied this question.

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This analysis compares management forecasts and analysts' forecasts, suggesting varying accuracy based on publication timing and industry.