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Mastering Financial Modeling: A Professional’s Guide to Building Financial Models in Excel by Eric Soubeiga

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CHAPTER TWOBest Practice Principles

2.1 WHAT CONSTITUTES A GOOD MODEL?

A “good” model should exhibit a number of characteristics; for example, it should be:

Image Well structured

Image Easy to follow

Image Built in a way that minimizes the risk of errors

Using best practice in modeling makes it easier to develop models that exhibit these characteristics.

2.2 KEY BEST PRACTICE PRINCIPLES

2.2.1 First Draw a Sketch of Your Model on Paper

Please resist the temptation ...

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