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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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Craig Baugh

Craig Baugh

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.