Panel B:	Estimator	Predictor	$U_{3 (S K 1)} - U_{3 (S K 2)}$	$U_{3 (S K 1)} - U_{3 (S K 3)}$	$U_{3 (S K 1)} - U_{3 (S K 4)}$	$U_{3 (S K 2)} - U_{3 (S K 3)}$	$U_{3 (S K 2)} - U_{3 (S K 4)}$	$U_{3 (S K 3)} - U_{3 (S K 4)}$
CSI 100	OLS	PE	−0.0001177	−0.0000015	0.0173778	0.0001163	0.0174955	0.0173792
		PB	−0.0001432	0.0000092	0.0876778	0.0001524	0.0878210	0.0876686
	AOLS	PE	−0.0000102	0.0000001	0.0094423	0.0000103	0.0094524	0.0094421
		PB	−0.0000205	0.0000004	0.0217448	0.0000209	0.0217653	0.0217444
	FGLS	PE	−0.0000093	−0.0000004	0.0085722	0.0000090	0.0085815	0.0085726
		PB	−0.0000363	0.0000013	0.0106874	0.0000376	0.0107236	0.0106860
CSI 300	OLS	PE	−0.0001176	0.0000005	0.0060300	0.0001181	0.0061477	0.0060295
		PB	−0.0001463	0.0000017	0.0893998	0.0001481	0.0895461	0.0893980
	AOLS	PE	−0.0000306	−0.0000001	−0.0416240	0.0000305	−0.0416545	−0.0416241
		PB	−0.0000196	−0.0000005	0.0226640	0.0000191	0.0226836	0.0226645
	FGLS	PE	−0.0000392	−0.0000012	0.0487622	0.0000380	0.0488014	0.0487634
		PB	−0.0000831	−0.0000006	0.0669576	0.0000825	0.0670407	0.0669582
SSE Composite	OLS	PE	−0.0001223	−0.0000009	0.0019391	0.0001213	0.0020614	0.0019400
SSE Composite		PB	−0.0001404	−0.0000057	0.0897582	0.0001347	0.0898986	0.0897639
	AOLS	PE	−0.0000504	0.0000013	0.0615671	0.0000517	0.0616175	0.0615658
		PB	−0.0000383	0.0000001	0.0432146	0.0000384	0.0432530	0.0432146
	FGLS	PE	−0.0001247	−0.0000001	0.1195786	0.0001245	0.1197033	0.1195787
		PB	−0.0000712	−0.0000003	0.0617289	0.0000710	0.0618001	0.0617291
SZSE Component	OLS	PE	−0.0001313	0.0000000	0.0041291	0.0001313	0.0042604	0.0041291
SZSE Component		PB	−0.0001655	−0.0000024	0.1142339	0.0001631	0.1143994	0.1142363
	AOLS	PE	−0.0000679	−0.0000011	0.0871913	0.0000667	0.0872591	0.0871924
		PB	−0.0000673	0.0000002	−0.0908400	0.0000675	−0.0909073	−0.0908398
	FGLS	PE	−0.0000167	0.0000014	−0.0044918	0.0000181	−0.0044751	−0.0044932
		PB	0.0001951	−0.0000097	0.1877065	−0.0002049	0.1879017	0.1876968