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Are entrepreneurs' forecasts of economic indicators biased?
2001
Entrepreneurship and Regional Development
Insight into the investment behaviour of ® rms is central in understanding economic dynamics. A critical question, however, is whether ® rms provide suae ciently reliable data to enable them to make plausible forecasts at the meso (regional or sectoral) level. This paper analyses Dutch investment forecasts at diå erent levels of aggregation. The central research question is whether entrepreneurs, individually or as a group, make systematic errors in their investment forecasts. A statistical
doi:10.1080/08985620010004098
fatcat:khy7wse3dnbgbfw2drej5snyma