Gar Lipow: > But cashed based accounting can be very misleading too.
True. Therefore, we should agree on the following: profits are NOT OBSERVABLE without errors. Put differently, "point forecasts" of profits are meaningless. We need "interval forecasts". That is, we need to know something about the entire distribution of that random variable. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
