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- Title
REPLY.
- Authors
WARREN, JAMES M.; SHELTON, JOHN P.
- Abstract
The authors respond to comments by Professor Eugene Carter concerning their paper "A Simultaneous Equation Approach to Financial Planning." They state that while matrix inversions are utilized in solving linear simultaneous equations, their own model utilizes nonlinearities that prevent the use of a straight-forward matrix inversion technique. They suggest their own model does a more effective job of portraying financial decision making than other models. They comment on the accuracy of projections for Sears-Roebuck and mention a discussion about if the U.S. Securities and Exchange Commission should permit or require projections in equity prospecti, considering the method for making financial projections is well-developed.
- Subjects
UNITED States; COMPUTER software; SIMULTANEOUS equations; MATRIX inversion; DECISION making; CORPORATE finance; UNITED States. Securities &; Exchange Commission
- Publication
Journal of Finance (Wiley-Blackwell), 1973, Vol 28, Issue 4, p1039
- ISSN
0022-1082
- Publication type
Article
- DOI
10.1111/j.1540-6261.1973.tb01432.x