In the collection process, we set the criteria
to collect management forecast data as follows:
(1) the forecast must contain various keywords
such as “expects”, “estimates”, “targets”, etc. and
(2) the forecast must be attributed to company
officials. For criterion 1, we define keywords to
ensure that an article discloses a management
forecast since some articles release the actual
performance and criterion 2 ensures that company
forecasts in any articles are not estimated by news
reporters or financial analysts