What are the differences between bottom-up and top-down, Accounting Basics

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What are the differences between bottom-up and top-down

What are the differences between bottom-up and top-down approaches to security valuation? What are the advantages of a top-down approach?
Why does it make intuitive sense that the slope of the yield curve is considered a leading economic indicator?
Which one of the following firms would be described as having below-average sensitivity to the state of the economy?

An asset play firm
A cyclical firm
A defensive firm
A stalwart firm

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Accounting Basics: What are the differences between bottom-up and top-down

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