4.1.2.4.8. Properties of individual analyst’s forecasts.Research in this area
almost invariably has a descriptive component that documents properties of
individual analyst’s forecasts.Other research analyzes properties of individual
analyst’s forecasts in the context of analysts’ economic incentives in issuing
earnings forecasts, i.e., the costs and benefits of issuing accurate or biased
forecasts.The latter is more interesting, but also more difficult.