Citation
Muzafar Shah Habibullah, . Are a rubber firm's gross revenue capital expenditure and employment forecasts rational - an empirical evidence. pp. 56-64. ISSN 0127-7065
Abstract
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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Abstract
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
Additional Metadata
| Item Type: | Article |
|---|---|
| Additional Information: | Summary (En) |
| AGROVOC Term: | MALASIA |
| AGROVOC Term: | TECNICAS DE PREDICCION |
| AGROVOC Term: | INDUSTRIA DEL CAUCHO |
| AGROVOC Term: | RENTA |
| AGROVOC Term: | GASTOS |
| AGROVOC Term: | EMPLEO |
| Depositing User: | Ms. Norfaezah Khomsan |
| Last Modified: | 24 Apr 2025 05:56 |
| URI: | http://webagris.upm.edu.my/id/eprint/20865 |
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