Discuss difference between top-down and bottom-up approaches

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Question a. Discuss the difference between the top-down and bottom-up approaches. What is the major assumption that causes the difference in these two approaches?

Question b. What is the benefit of analyzing the market and alternative industries before individual securities?

Question c. Discuss why you would not expect all industries to have a similar relationship to the economy. Give an example of two industries that have different relationships to the economy.

Reference no: EM132563529

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