A Reevaluation of the Predictive Ability of Plant and Equipment Anticipations
重新评价厂房与设备投资预期的预测能力
This article suggests that anticipations alone do a better job of forecasting business plant and equipment expenditures than fitted functions which include only non-anticipatory data. Anticipations can also make a significant contribution in the presence of such data. Since previously published studies have come to different conclusions, the focus of this article is an evaluation of the methodology and results of those studies.