on predictive accuracy of aggregate demand in a systematic way. The results of the prediction experiments are compared to …

cash flows for the prediction of future cash flows. Using a sample of 4,397 Spanish companies (mostly privately held), we … that the out-of-sample prediction errors provided by the accrual-based earnings model are significantly lower than those … obtained with the cash flows model. We also regress the decrease in prediction errors brought about by the addition of accruals …

methods Our results suggest that model averaging does not dominate other well designed prediction model specification methods … using recursive estimation windows, which dominate other windowing approaches in our experiments, prediction models …-spread variables in nonlinear prediction specification. …

function and prediction intervals are obtained. …

We propose two new procedures for comparing the mean squared prediction error (MSPE) of a benchmark model to the MSPEs …