Can Large Language Models Produce More Accurate Analyst Forecasts?
Can Large Language Models Produce More Accurate Analyst Forecasts? Using textual information from a complete history of regular quarterly and annual (10-Q and 10-K) filings by U.S. corporations, we train machine learning algorithms and large language models, LLMs, to predict future earnings surprises. First, the length of MD&A section on its own is negatively associated […]
