Glas, Alexander; Hartmann, Matthias - In: Quantitative Economics 13 (2022) 3, pp. 979-1022
Although survey-based point predictions have been found to outperform successful forecasting models, corresponding … stylized fact that this variance misalignment is related to the rounding behavior of survey participants. Rounding may reflect … the fact that some survey participants employ a rather judgmental approach to forecasting as opposed to using a formal …