If economic models are based on the accuracy of information how are forecasts affected when information itself is inaccurate or false? Garnering accurate information is a challenge, especially when the sources of this information are frequently human-based. Consider the result of Sarbanes-Oxley which reveals unscrupulous accounting practices behind fictitious financial reporting scandals. This webcast discusses how these challenges affect financial models in lending practices, credit scoring, corporate forecasting and shareholder value.
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