medium · CFA Level I ethics
An analyst at Sable Payments uses a data-scraping tool to collect consumer sentiment from social media. The analyst uses this as the sole basis for an 'Earnings Beat' forecast. This approach is likely:
- Non-diligent, as it lacks a connection to fundamental financial drivers.
- Permissible if the scraping tool has been verified by the firm's IT department.
- Diligent, as it uses innovative 'Big Data' techniques.
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