标题: Reading 23: Capital Market Expectations－LOS d [打印本页]
作者: tycoon 时间: 2008-9-12 14:54 标题: [2008] Session 6－Reading 23: Capital Market Expectations－LOS d
CFA Institute Area 6: Economics
Session 6: Economic Concepts for Asset Valuation in Portfolio Management
Reading 23: Capital Market Expectations
LOS d: Explain the use of survey and panel methods and judgment in setting capital market expectations.
作者: tycoon 时间: 2008-9-12 14:55
Which of the following describes a method of setting capital market expectations where a consistent set of experts is asked for their opinion regarding the future?
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| C) | A market-adjusted algorithmic method. |
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Answer and Explanation
Capital market expectations can also be formed using surveys. If the group polled is fairly constant over time, this method is referred to as a panel method.
作者: tycoon 时间: 2008-9-12 14:56
Which of the following regarding the setting of capital market expectations is least accurate?
| A) | Capital market expectations can also be formed using surveys. |
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| B) | When a survey uses a consistent set of experts, the method is referred to as panel method. |
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C) | Quantitative models should not be adjusted for an analysts subjective opinions. |
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| D) | Judgment can be applied to project capital market expectations. |
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Answer and Explanation
Although quantitative models provide objective numerical forecasts, there are times when an analyst must adjust those expectations using their insight to improve upon those forecasts.
作者: tycoon 时间: 2008-9-12 14:57
Which of the following regarding the setting of capital market expectations is least accurate?
| A) | Analysts should adjust the forecasts from quantitative models using judgment, when appropriate. |
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| B) | Surveys can be used to form capital market expectations. |
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C) | Surveys of practitioners have found them to be consistently more pessimistic than that of academics. |
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| D) | When a fairly constant set of experts is polled, this method is referred to as panel method. |
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Answer and Explanation
Studies have found that the expectations of practitioners are consistently more optimistic than that of academics.
作者: zhouyp1982 时间: 2009-5-11 22:23
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作者: ibmtracy 时间: 2009-5-15 11:20 标题: d
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作者: vvicto98 时间: 2011-12-22 03:03 标题: 26
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