The coefficient estimates and t-statistics are as follows:

| Coefficient | t-Statistic |

|-------------|-------------|

| Intercept | 0.025 | 2.573 |

| EarnGrowth_{t-1} | -0.320 | -0.934 |

| EarnGrowth_{t-4} | 0.850 | 2.908 |

If the earnings growth was 2% in the most recent quarter and 3% four quarters ago, the predicted earnings growth for the current quarter is closest to: