139****39292026-01-01 17:52:19
139****3929老师在课堂上讲了要至少包含一个周期，和这题的答案不一样，我用了一下不同的AI对这道题进行解答，答案也都是A,请问为什么这里答案要选B呢？谢谢！Why a Full Cycle? If you only forecast during an "upswing" or "boom," the company will appear extremely profitable. Conversely, forecasting only during a "downturn" will make it look like it is failing. To get an accurate picture of the company's normalized or intrinsic value, the forecast horizon must cover both the peak (boom) and the trough (bust) of the economic cycle. Avoiding Misleading Snapshots Options
查看试题回答（1）
Simon2026-01-02 15:09:56
Simon一个完整的周期，不同行业不一样，有的长，有的短。像是房地产周期，时间很长，做出预测时，时间越长，预测就越不准，所以不是必需要完整周期。
在预测公司盈利时，有个概念是Normalized earnings，这是指在没有任何影响盈利能力的异常或临时因素存在的情况下，在mid-cycle下的预期收益水平。所以预测必须包含midpoint of a business cycle。
原版书原文：Normalized earnings are the expected level of mid-cycle earnings for a company in the absence of any unusual or temporary factors that affect profitability (either positively or negatively).
- 评论（0）
- 追问（0）
评论
0/1000
追答
0/1000
+上传图片