Critically evaluate the following statement made by a


Critically evaluate the following statement made by a quantitative buy-side analyst: “It is not worth the time to develop detailed fundamentals-based forecasts of sales growth and profit margins to make earnings projections, or cash flow components to make projections of free cash flow. One can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings and free cash flow.”

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Critically evaluate the following statement made by a
Reference No:- TGS02857400

Expected delivery within 24 Hours