Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64550
Authors: 
Pierdzioch, Christian
Rülke, Jan-Christoph
Stadtmann, Georg
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper, European University Viadrina, Department of Business Administration and Economics 325
Abstract: 
We analyze more than 20,000 forecasts of nine metal prices at four different forecast horizons. We document that forecasts are heterogeneous and report that anti-herding appears to be a source of this heterogeneity. Forecaster anti-herding reflects strategic interactions among forecasters that foster incentives to scatter forecasts around a consensus forecast.
Subjects: 
Metal prices
Forecasting
Forecaster (anti-)herding
JEL: 
G17
C33
L61
Document Type: 
Working Paper

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