Rationality of business operational forecasts: evidence from Malaysian distributive trade sector

• Main Authors: Puah, Chin-Hong, Wong, Shirly Siew-Ling, Muzafar Shah, Habibullah
• Format: Working Paper
• Language: English
• Published: Universiti Malaysia Sarawak, (UNIMAS) 2012
• Subjects: AC Collections. Series. Collected works; HB Economic Theory; HG Finance
• Online Access: http://ir.unimas.my/id/eprint/3230/1/Puah%20Chin%20Hong.pdf; http://ir.unimas.my/id/eprint/3230/

The underlying nature of forecast optimization makes the rational expectations hypothesis (REH) a framework that is theoretically consistent with the expectations formation produced by economic agents under well-defined assumptions of unbiased forecasts and efficient utilization of available informa...