The study by Reilly,Griggs and Wong (1983)provides evidence that past EPS growth is a good predictor of future EPS growth.

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The dividend growth rate may be approximated using expected values of retention rate and return on equity.Proxies such as past EPS growth rates may also provide useful predictions,though Reilly,Griggs and Wong (1983)found these provide limited explanatory power in analysis of the price-earnings ratio.

The Study by Reilly,Griggs and Wong (1983)provides Evidence That Past