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Basic Question 1 of 2

Analysts believe that forecasts can be rendered more accurate in two ways: by acquiring more information and opinions from experts and by creating more granular and complex models. This is likely an example of ______ bias.

A. over-confidence
B. illusion of control
C. conservatism

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

explain how behavioral factors affect analyst forecasts and recommend remedial actions for analyst biases

CFA® 2024 Level I Curriculum, Volume 3, Module 12.