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Batchelor (banking and finance, Cass Business School, UK) and Dua (economics, Delhi School of Economics, India) attempt to provide a broad view of the scope and development of financial forecasting to a broad audience including academics, students, and practitioners. They present 50 papers in all, selected primarily from academic journals and originally published over the course of the past three- and-a-half decades. Although all papers include empirical analysis and forecasts (often showing good-practice applications of forecasting techniques), a significant amount of theoretical material is included. They are organized into sections dealing with the forecasting of earnings, bankruptcy, stock prices, interest rates, exchange rates, and volatility. The editors seek to provide a balanced view of competing techniques, including discussions of time series models and judgment and behavior approaches in the section on earnings; statistical methods and technical analysis in the sections on stock prices and exchange rates; and statistical methods and options-implied volatility in the section on risk. Annotation ©2004 Book News, Inc., Portland, OR
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