Several Studies Have Looked at the Effect of Analyst Recommendations

question 10

True/False

Several studies have looked at the effect of analyst recommendations on stock prices.These studies have concluded that the recommendations are not useful to investors interested in making excess returns.

---

Definitions:

Research Process

A systematic series of steps that researchers follow to gather, analyze, and interpret information to gain knowledge or reach a conclusion.

Develop Research Hypothesis

The process of formulating a specific, testable statement based on a theory to be examined in a study.

Independent Variable

The factor in a study or experiment that is intentionally altered to see its impact on the variable that is being measured.