Do companies whose earnings move more with macroeconomy likely or less to offer management forecasts? This paper documents the following findings: (1) there is a significantly positive relationship between extent which company’s in concert GDP and likelihood of issuing forecasts. The explanation that, if firm’s GDP, then cost missing forecasts lower as managers could blame this on wrong macro n...

Because wind is an intermittent power source, the variability may have significant impacts on system operation. Some studies have shown that this impact on regulation is not significant, but the impact on load following requirements has not yet received much attention. Part of the difficulty of analyzing the load following impact of wind is the inadequacy of most modeling frameworks to accurate...

In this paper we use 4 different time series models to forecast sales in a goods management system. We use a variety of forecast combining techniques and measure the forecast quality by applying symmetric and asymmetric forecast quality measures. Simple, rank-, and criteria-based combining methods lead to an improvement of the individual time series models.

This paper studied the relationship between the management characteristics and the earnings forecast disclosure willingness within Chinese listed companies. Management characteristics were being defined and summarized as four aspects: structure characteristics, incentive characteristics, background characteristics and external governance mechanism. The Logistic regression model was applied to c...

Gilliland defines FVA as “the change in a forecasting performance metric that can be PREVIEW A business forecast is normally produced by applying overrides and modifications to an initial statistical forecast. Whether these adjustments to the statistical forecast improve forecast performance is always an important question – one to which the Forecast Value Added (FVA) concept can be applied. In...

This study investigates the association between the accuracy of revenue forecasts and the accounting activities of budget preparation and internal accounting report preparation. While both budgets and internal reports are widely used, empirical evidence concerning their influence on the prediction of future performance is extremely limited. Consistent with the availability of formal accounting ...