@NikolayDR wrote: Sorry about that. This is, of course, a different check I want to perform to be consistent with previous literature on cash flow forecasting. So I post here two snapshots (from Barth et al. (2001)  for (i) and Cheng and Hollie (2008) for (ii)) which I believe describe hat I want to do.     This just re-phrases the issues I don't understand in different words, but it provides no additional information and hence no additional understanding. Can you explain these items in detail?? Can you give examples of each? Also, I asked a very specific question about part 1, which you haven't answered. ... View more