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    • Do Investors Learn About Analyst Accuracy? 

      Chang, Charles; Daouk, Hazem; Wang, Albert (Charles H. Dyson School of Applied Economics and Management, Cornell University, 2008-09-01)
      We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. Our test market is the crude oil futures market. Prices rise when analysts forecast a decrease (increase) in ...