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See-Through Modelling: A technical blueprint for financial modelling using lessons learned from PFI by Dominic Robertson

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Chapter 3. The language of modelling theory

All modellers in Excel effectively have to speak a language to communicate the finances of a business to users of the model. Some languages are very particular to the individual modeller and some are extremely flexible, sometimes so flexible that they are difficult to understand.

I advise readers to use a simple and clear language called FAST. FAST is a modelling standard. This means that FAST is a way of coding a spreadsheet to make financial models. In any sphere of activity there are obvious benefits to speaking the same language and so with FAST.

FAST stands for flexible, appropriate, structured and transparent.

I have adopted the FAST standard because it makes sense, but I am not wedded to ...

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