... Asymmetric information Earnings Management guidance Analyst forecasts Diligence Objectivity Quality Accuracy Hausman specification test Wald test Bayesian Market efficiency Big data in finance K22 M41 G12 G14 G24 C23 C26 The U.S. Financial Industry Regulatory Authority (FINRA...

... of the negative of the standard deviation of the residuals of the analyst forecast regression equation provides the index of analytical quality. Each index asymptotically equals the Bayesian ex post probability, by the analyst and analyst firm about the studied firm, of the relevant behavior. Findings...