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Meaning of financial modeling systems
The primary meaning of "financial modeling systems" refers to the use of mathematical models and software to forecast and analyze financial outcomes, supporting decision-making in business and finance.
Etymology of financial modeling systems
The term "financial modeling" originates from the combination of "finance" (from Old French 'finance', from 'fin', meaning end or settlement) and "modeling" (from 'model', from Old French 'modelle', from Latin 'modellus', a diminutive of 'modus', meaning measure).
The concept of financial modeling has its roots in the early 20th century, with the development of financial planning and analysis techniques.
The term "financial modeling systems" emerged in the latter half of the 20th century, with the advent of computer software designed to support financial analysis and planning.
Synonyms
Definitions
- According to Oxford Languages, financial modeling involves the creation of a mathematical representation of a company's financial situation, using historical data and assumptions about future events to forecast performance.
- * Financial modeling systems are software tools designed to facilitate this process, providing users with the ability to build, analyze, and simulate financial models.
Usage Examples
- The company used financial modeling systems to forecast revenue and expenses for the upcoming quarter.
- * Financial modeling systems are essential for businesses to make informed decisions about investments and resource allocation.
- * The financial analyst utilized financial modeling systems to create a detailed financial plan for the startup.