Forecast horizon:

1983-88

1984-89

1985-90

Model A (IBES)

10.2015

10.9918

13.03

Model B (CAPM; B_T)

13.4298

14.2684

17.4012

Model C (CAPM; B_M)

13.4275

14.2644

17.3989

Model 5 (0.50/0.50; B_T)

10.3406

11.3192

13.7952

Model 6 (0.50/0.50; B_M)

10.3399

11.3183

13.7945

Model 7 (0.75/0.25; B_T)

9.8656

10.7321

12.9735

Model 8 (0.75/0.25; B_M)

9.8654

10.7319

12.9732

Model 9 (0.80/0.20; B_T)

9.8565

10.7106

12.8997

Model 10 (0.80/0.20; B_M)

9.8564

10.7105

12.8995

Model 11 (0.85/0.15; B_T)

9.8838

10.7355

12.8704

Model 12 (0.85/0.15; B_M)

9.8838

10.7354

12.8702

Model 13 (0.90/0.10; B_T)

9.9617

10.7901

12.8873

Model 14 (0.90/0.10; B_M)

9.9618

10.7901

12.8872