Table 2 Summary statistics N Mean SD p25...

Table 2

Summary statistics

	N	Mean	SD	p25	Median	p75
FSD Score	61,356	0.029	0.009	0.022	0.028	0.034
Number of Forecasts	12,064	1.488	0.53	1.099	1.609	1.946
Horizon	12,064	5.409	0.34	5.288	5.465	5.59
Specificity	7,759	−0.566	1.095	−0.545	−0.257	−0.11
Precision	12,064	2.129	0.891	1	2.333	3
Ln EPU	61,356	4.769	0.294	4.533	4.787	4.969
LnSize	61,356	5.685	2.523	3.845	5.779	7.445
Leverage	61,356	0.258	0.334	0.021	0.181	0.362
MTB	61,356	2.893	6.497	0.983	1.886	3.579
ROA	61,356	−0.111	0.49	−0.088	0.022	0.071
CFOA	61,356	0.025	0.343	−0.002	0.097	0.167
Cash Volatility	61,356	0.303	0.968	0.025	0.058	0.161
Sales Volatility	61,356	0.287	0.382	0.097	0.173	0.316
INVZ	61,356	−0.119	8.549	−3.202	−2.004	−0.548
GDP Growth	61,356	2.071	1.751	1.7	2.458	2.796
VIX	61,356	20.165	6.314	15.388	17.799	25.637

	N	Mean	SD	p25	Median	p75
FSD Score	61,356	0.029	0.009	0.022	0.028	0.034
Number of Forecasts	12,064	1.488	0.53	1.099	1.609	1.946
Horizon	12,064	5.409	0.34	5.288	5.465	5.59
Specificity	7,759	−0.566	1.095	−0.545	−0.257	−0.11
Precision	12,064	2.129	0.891	1	2.333	3
Ln EPU	61,356	4.769	0.294	4.533	4.787	4.969
LnSize	61,356	5.685	2.523	3.845	5.779	7.445
Leverage	61,356	0.258	0.334	0.021	0.181	0.362
MTB	61,356	2.893	6.497	0.983	1.886	3.579
ROA	61,356	−0.111	0.49	−0.088	0.022	0.071
CFOA	61,356	0.025	0.343	−0.002	0.097	0.167
Cash Volatility	61,356	0.303	0.968	0.025	0.058	0.161
Sales Volatility	61,356	0.287	0.382	0.097	0.173	0.316
INVZ	61,356	−0.119	8.549	−3.202	−2.004	−0.548
GDP Growth	61,356	2.071	1.751	1.7	2.458	2.796
VIX	61,356	20.165	6.314	15.388	17.799	25.637

Note(s): This table presents summary statistics for the variables, showing the number of observations (Column 1), mean (Column 2), standard deviation (Column 3), first quartile (Column 4), median (Column 5), and third quartile (Column 6). All firm-level variables are winsorised at the 1% and 99% levels. All variables are defined in Appendix 1

Source(s): Authors’ own work

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