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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.
B. illusion of control
C. conservatism
A. over-confidence
B. illusion of control
C. conservatism
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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.