Sorry to disappoint anyone but I am talking about excel models here.
How do you define what is a model? Is it just something that allows you to input some variables and spits out a forecast outcome? For example, if I created a excel template that allows user to input predicted cashflow and calculates the NPV of the project, is this considered as a model?
Thanks.
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Something that shows you estimates of alternative states of the world based on certain inputs. Can be as simple as Y = alpha + beta1*X1 + error.
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