- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 7. Company Analysis: Forecasting
- Subject 1. Forecast Objects, Principles, and Approaches
CFA Practice Question
For companies in cyclical industries, the most appropriate forecast approach is:
B. Historical base rates and convergence
C. Management guidance
D. Analyst's discretionary forecast
A. Historical results
B. Historical base rates and convergence
C. Management guidance
D. Analyst's discretionary forecast
Correct Answer: D
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