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Consider the following two earnings forecasting models: Model 1: Et(EPSt+1 Model 2: Et(EPSt+1 E(EPSt+1 ) = 1 5 1 ? t+1 EPSt ) is the

Consider the following two earnings forecasting models: Model 1: Et(EPSt+1 Model 2: Et(EPSt+1 E(EPSt+1 ) = 1 5 1 ? t+1 EPSt ) is the expected forecast of earnings per share for year t+1, given infor...

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