Sometimes the binary nature of external analysis makes it difficult for outsiders to hold both realities in their head at the same time.

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By doing only bottom-up analysis, investors implicitly assume that external factors (the winds and hurricanes of the global economy) have no impact on these cash flows.

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He became head of Maharashtra's Anti-Terror Squad in January after he returned from Austria, where he served seven years in the Research and Analysis Wing, India's external intelligence agency.

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After he finished the study, Bidwell says he did some further analysis, of how people in a particular unit were affected by an external hire.

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His analysis, "More Action, Better Service: How to Strengthen the European External Action Service" (PDF here) is phrased diplomatically, as one might expect, but its exposition of the weakness of the EEAS is more devastating for the sober tone in which it is delivered.

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In our own analysis of our problem, we feel the currency crisis is both the product of internal and external factors.

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While the wine committee's analysis is clearly hard-headed, there is some evidence that it is not entirely immune to external political pressures.

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ClearStory Data, a startup that has not revealed its capabilities, has declared that it will be in the business of providing a platform and user model that makes it easy and intuitive to find high value external data from numerous trusted sources and cross-pollinate this data with private and corporate data for fast, richer analysis.

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