🎓CFA Final Prep All Topics

Equity 7 – Forecasting

Card1 / 44
Question

How is capital expenditure typically linked to growth in a forecast model?

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Answer

As a percent of revenue or maintenance plus growth capex.

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Question

Why do high-growth firms usually require more growth capex in pro forma forecasts?

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Answer

Expansion needs more investment in fixed assets.

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Question

How does a bull-case forecast typically differ from a bear-case forecast?

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Answer

Bull uses stronger growth and margins; bear uses weaker assumptions.

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Question

What does sensitivity analysis isolate in a forecast model?

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Answer

The effect of one changed input at a time.

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