Business Forecasts as Verifiable Explanations of Expected Value
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Business Forecasts as Verifiable Explanations of Expected Value

An OECD report [1] estimated that there were about 41,000 publicly traded companies in the world in 2019. Given the usual reporting requirements of listed companies, each maintains a forecast of future conditions that may matter to its financials. In other words, each of these companies has a narrative about a future, according to what…