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Basic Question 3 of 12

A benchmark comparison is related to time-series analysis rather than cross-sectional analysis. True or False?
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User Contributed Comments 1

User Comment
studyprep You freeze the time in Cross-sectional analysis. So you can not compare the same company financial with itself. You need at least two different companies' financials (which is a benchmarking), while keeping the time freezed up.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

calculate and interpret common-size balance sheets and related financial ratios

CFA® 2025 Level I Curriculum, Volume 2, Module 3.