Forecasting metal prices: Do forecasters herd?

C. Pierdzioch, J. C. Rulke, G. Stadtmann

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

We analyze more than 20,000 forecasts of nine metal prices at four different forecast horizons. We document that forecasts are heterogeneous and report that anti-herding appears to be a source of this heterogeneity. Forecaster anti-herding reflects strategic interactions among forecasters that foster incentives to scatter forecasts around a consensus forecast. (C) 2012 Elsevier B.V. All rights reserved.
OriginalsprogEngelsk
TidsskriftJournal of Banking & Finance
Vol/bind37
Udgave nummer1
Sider (fra-til)150-158
Antal sider9
ISSN0378-4266
DOI
StatusUdgivet - 2013

Fingeraftryk

Metals
Herding
Forecast horizon
Strategic interaction
Incentives

Citer dette

Pierdzioch, C. ; Rulke, J. C. ; Stadtmann, G. / Forecasting metal prices: Do forecasters herd?. I: Journal of Banking & Finance. 2013 ; Bind 37, Nr. 1. s. 150-158.
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Pierdzioch, C, Rulke, JC & Stadtmann, G 2013, 'Forecasting metal prices: Do forecasters herd?', Journal of Banking & Finance, bind 37, nr. 1, s. 150-158. https://doi.org/10.1016/j.jbankfin.2012.08.016

Forecasting metal prices: Do forecasters herd? / Pierdzioch, C.; Rulke, J. C.; Stadtmann, G.

I: Journal of Banking & Finance, Bind 37, Nr. 1, 2013, s. 150-158.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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AU - Stadtmann, G.

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