NO.PZ2023040301000187
问题如下：
An analyst forecasts a company’s sales using a
historical results approach and top-down drivers (expected industry sales and
expected market share). The analyst observes that the forecast is within the
range of management guidance on sales but is toward the upper end and not
closer to the midpoint. Which of the following is the most likely explanation
for this observation?
选项：
A.
The analyst has been overly optimistic in estimating
the company’s expected market share
B.
Management’s true expectations are toward the upper
end, but management has created a range using a pessimistic lower bound that is
more easily cleared
C.
The midpoint represents management’s true
expectations, and management has a lower and better estimate of market growth
based on macroeconomic variables
解释：
B is correct. Management has a tendency to pad its
guidance to make it easier to achieve the forecast results for which management
will be rewarded. Management does not have an informational advantage at the
macroeconomic level
可以解释一下这道题吗 谢谢
