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 1 (B_T; WC)

9.9405

10.7954

12.8764

Model 2 (B_M; WC)

9.9406

10.7954

12.8763

Model 3 (B_T; NC)

9.9204

10.7622

12.8736

Model 4 (B_M; NC)

9.9204

10.7621

12.8735