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Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence


Citation

Habibullah, Muzafar Shah (1994) Are a rubber firm's gross revenue, capital expenditure and employment forecasts rational? - an empirical evidence. Journal of Natural Rubber Research, 9 (1). pp. 56-64. ISSN 0127-7065

Abstract / Synopsis

Business firms have always recognised the need for a view of the future and have used explicit forecasts in their decision making process. Forecasts of economic variables can be obtained directly from survey expectations. This study evaluates the rationality of economic forecasts made by rubber limited companies in a survey published in Business Expectations Survey of Limited Companies. Data on actual and forecast values of gross revenue, capital expenditure and employment are subjected to unbiasedness, and have no serial correlation, efficiency and orthogonality tests for rationality. Findings suggest that forecast values are unbiased predictors of actual values. Moreover, rubber firms in Malaysia were also found to be rational and utilised all available information efficiently when making forecasts


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Official URL: http://agris.fao.org

Additional Metadata

Item Type: Article
Subject: Capital movements
Divisions: Faculty of Economics and Management
Publisher: FAO
Depositing User: Erni Suraya Abdul Aziz
Date Deposited: 20 Dec 2010 09:15
Last Modified: 17 Sep 2015 06:06
URI: http://psasir.upm.edu.my/id/eprint/8804
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