这题考点是啥

问题如下：

Which of the following statements about scenario analysis is most accurate?

选项：

A.Scenario analysis provides a point estimate forecast B.Forecast scenarios can be compared to forecasts implied by current valuations C.Generic risk factors in scenario analysis are assumed to affect all companies in the same way

解释：

Solution

1. Incorrect because rather than develop single point estimate forecasts, analysts make several forecast scenarios that vary based on different outcomes with respect of key risk factors.

2. Correct because investors compare these scenarios with other analysts’ (e.g., sell-side analysts) forecasts for a company, as well as forecasts implied by current valuations, to make investment decisions.

3. Incorrect because the final step in forecasting involves incorporating the possibility of different outcomes based on key risk factors as well as judging their likelihood of occurrence. Generic risk factors that affect all companies—but to varying degrees—

   include changes in the business cycle, competition, inflation and deflation,

   and technological developments.

Company Analysis: Forecasting

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