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A group of professional analysts that routinely follow a particular company's performance estimated that the average forecast of earnings for Michaelis Enterprises for next year

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A group of professional analysts that routinely follow a particular company's performance estimated that the average forecast of earnings for Michaelis Enterprises for next year was $1.2 million. Which of the following forecast types does this illustrate? Select one: A. Consensus earnings forecast B. Historical forecasts C. Continuing valuation forecast D. Residual income forecast

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