- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 17. Financial Statement Modeling
- Subject 1. Income Statement Modeling: Revenue
CFA Practice Question
How are industry growth rates typically incorporated in a top-down revenue model?
A. Ignored, as they are considered irrelevant.
B. Used as the main driver of revenue projections.
C. Integrated along with other macroeconomic factors.
D. Applied only to specific product lines.
Correct Answer: B
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