Class 16
Combining Structured and Unstructured Evidence
Description
This session develops methods for combining structured financial measures with disclosures, regulatory information, and other unstructured evidence. Integrating these sources is important because economically meaningful patterns may emerge from agreement—or disagreement—between numerical measures and narrative information.
Motivation
What happens when accounting numbers and language disagree?
Review
Previous sessions considered financial statements, disclosures, SEC comment letters, screening signals, and external analysis as distinct sources of evidence. This session brings those sources together and asks whether conclusions become stronger, weaker, or more nuanced when multiple forms of evidence are evaluated simultaneously.