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John Right, an analyst with Stock Pickers Inc., claims, It is not worth my time to develop detailed forecasts of sales growth, profit margins, etcetera,
John Right, an analyst with Stock Pickers Inc., claims, It is not worth my time to develop detailed forecasts of sales growth, profit margins, etcetera, to make earnings projections. I can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings. What is the random walk model? Do you agree or disagree with John Rights forecast strategy? Why or why not
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
