Modeling Question - Case Selector?
This is a bit of a nuanced question but something I've been thinking of recently. I noticed when I was doing buyside research at an LO that our firm and all the sell side ER analysts modeled standard base case assumptions directly into their models. I recently moved to a role in PE where all the banks/sponsors use case selector formatted models. I'm curious how you personally/your firm designs your models or if anyone else has noticed this difference between how ER/IB analysts model (or maybe I'm just losing it after 4 weeks in lockdown). Cheers