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Basic Question 4 of 4
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
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Learning Outcome Statements
explain principles and approaches to forecasting a company's financial results and position
CFA® 2026 Level I Curriculum, Volume 3, Module 7.