|
Scope Note: The development of a mathematical or statistical representation of key financial & operational relationships. Comprising of one or several sets of equations or formulas, it is often used in analysing how a business will react to different economic situations or events, and in estimating the outcomes of financial decisions before committing any resources. It may also evaluate the financial impact of an organisations existing or prospective policies, procedures & actions & may assess the possible impact resulting from external factors. A financial model can be used for budgeting, resource management, cash flow projections, performance analysis of financial investments, and capital market projectiosn etc. |
Broader: TECHNOLOGY & TELECOMMUNICATIONS\MODELLING |