CFA Practice Question

There are 96 practice questions for this study session.

CFA Practice Question

An analyst projects the cost of goods sold of a company will continue to grow at 3% per year for the next 5 years. He then makes a bit adjustment after the inflation rate is considered in his analysis. The approach this analyst takes is:
A. top-down.
B. bottom-up.
C. hybrid.
Explanation: Bottom-up: COGS will continue to grow. Top-down: estimated inflation rate.

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