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About: Financial modeling     Goto   Sponge   NotDistinct   Permalink

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Type: agentyago:WikicatMathematicalScienceOccupationsyago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Event100029378yago:Occupation100582388yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntity New Facet based on Instances of this Class

Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment. While there has been some debate in the industry as to the nature of financial modeling—whether it is a tradecraft, such as welding, or a science—the task of financial modeling has been gaining acceptance and rigor over the years.