Often when training financial modeling candidates, I am asked to describe the types of financial models. There will always be someone in the training group who will point out a model type that I have not heard about. This is hardly surprising because in actual fact, there are hundreds of types of models because a model can be whatever you want it to be.
All is not lost, though, as there are a number of model types that are used most frequently in organizations. These types of models have either come out of some form of industry standard or, in many cases, have been established by the financial ...
