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Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. [1] 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.
Hard coding requires the program's source code to be changed any time the input data or desired format changes, when it might be more convenient to the end user to change the detail by some means outside the program. [1] Hard coding is often required, but can also be considered an anti-pattern. [2]
The mathematical model represents the physical model in virtual form, and conditions are applied that set up the experiment of interest. The simulation starts – i.e., the computer calculates the results of those conditions on the mathematical model – and outputs results in a format that is either machine- or human-readable, depending upon ...
The term template, when used in the context of word processing software, refers to a sample document that has already some details in place; those can (that is added/completed, removed or changed, differently from a fill-in-the-blank of the approach as in a form) either by hand or through an automated iterative process, such as with a software assistant.
The general structure of any financial model is standard: (i) input (ii) calculation algorithm (iii) output; see Financial forecast.While the output for a project finance model is more or less uniform, and the calculation is predetermined by accounting rules, the input is highly project-specific.
Financial risk modeling is the use of formal mathematical and econometric techniques to measure, monitor and control the market risk, credit risk, and operational risk on a firm's balance sheet, on a bank's accounting ledger of tradeable financial assets, or of a fund manager's portfolio value; see Financial risk management. Risk modeling is ...
Model-based design (MBD) is a mathematical and visual method of addressing problems associated with designing complex control, [1] signal processing [2] and communication systems. It is used in many motion control , industrial equipment, aerospace , and automotive applications.
A template processor (also known as a template engine or template parser) is software designed to combine templates with data (defined by a data model) to produce resulting documents or programs. [ 1 ] [ 2 ] [ 3 ] The language that the templates are written in is known as a template language or templating language .