Updating Models (Best Practices)
Currently in college and mess around with my own models.
What are the best practices for updating a previous model with the actual numbers? How should this look/act in Excel?
Also, what are the best ways (if it's worth it) to compare my expected numbers to the actual numbers?
Are there other ways I should view this process?
Usually you have a source line item tab or something feeding into P&Ls or whatever and you just update that
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