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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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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

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

CFA® 2025 Level I Curriculum, Volume 3, Module 12.