- CFA Exams
- CFA Level I Exam
- Study Session 10. Equity Valuation (2)
- Reading 26. Industry and Company Analysis
- Subject 1. Income statement modeling: revenue
CFA Practice Question
Which approach is considered to be "top-down"?
A. market growth and market share.
B. time series.
C. return on capital.
Explanation: In this approach the analyst starts from the top - growth in a particular market.
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