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Makes sense doesn't it, whether you look at the top down numbers produced by economists or simply examine your own spending patterns?
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(In both cases the estimates in question are "bottom-up" numbers constructed from company-by-company forecasts, not the "top-down" numbers constructed from macroeconomics).
Clinicians, researchers and policy-makers have found top-down numbers useful despite their limitations.
In addition to top-down number-crunching, HSBC also looked at expectations from the bottom up.
As one conservative at Norquist's party, consultant Jim Lucier, put it: "The top-down macro numbers are converging with the bottom-up, race-by-race forecasts.
With such students present in great numbers, the bottom brings the top down, many professors contend.
Top Down, Bottom UP.
Top, down, starting with hair.
When released from top-down control, snail numbers increase and grazing by high densities of snails (whose radular activity facilitates invasion of growth-suppressing fungi) converts lush intertidal grasslands to mudflats.
This is likely to have meant some degree of top-down limitation on numbers of mammoths, giant sloths and other mega-herbivores, protecting the landscape and keeping ecosystems balanced.
For convertible owners, the first cool mornings are bittersweet; it means our top-down days are numbered.
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CEO of Professional Science Editing for Scientists @ prosciediting.com