Bottom-up is better at detecting cyclical changes 因为 bottom-up focuses on earnings estimates vs top-down focuses on models.
下面这句话不和上面这个结论矛盾吗？
"If the belief exists that companies are reacting slowly to changes in economic conditions, then a market analyst may prefer a top-down forecast". changes in economic conditions 和 cyclical changes 应该是一致的呀？
