What is the sawtooth effect that may occur in forecasting, Financial Management

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What is the sawtooth effect that may occur in forecasting

1. What is the sawtooth effect that may occur in forecasting? How does it happen, and how would an analyst remedy it in their forecast?

2. Today the common stock of Gresham Technology closed at ?$20.90 per? share, down ?$0.31 from yesterday. If the company has 5.1 million shares outstanding and annual earnings of ?$11.6 ?million, what is its? P/E ratio? today? What was its? P/E ratio? yesterday?

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Financial Management: What is the sawtooth effect that may occur in forecasting

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Financial Management: What is the sawtooth effect that may occur in forecasting

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