Simulation and what-if analysis: Once forecasts and predictions have been created, simulation and what-if analysis can test out different scenarios and optimize potential decisions before they’re made. Data visualization and storytelling: Data visualizations – like charts and graphs – provide an eas...
Mathematical finance is an applied mathematics field that works with actual financial situations to determine pricing models and resource values. It is the opposite end of the theoretical study of financial economics. In practice, a financial economist will study a phenomenon and come up with theoreti...
A Financial Sensitivity Analysis, also known as a What-If analysis or a What-If simulation exercise, is most commonly used byfinancial analyststo predict the outcome of a specific action when performed under certain conditions. Financial Sensitivity Analysis is done within defined boundaries that are...
“We used Planning Analytics and IBM Cognos® Analytics to build a unique system for finance purposes, which addresses simulation and reporting for day-to-day processes.”— Laurent Mesnier, L’Oréal Model your enterprise profitability View a sample dashboard that showcases how you can plan, ...
Extended planning and analysis (xP&A) How to adopt strategies that are focused on process automation, agility, transparency and metric-based insights to modernize your FP&A practice right now. Continuous integration and scenario planning The best organizations are leveraging deep data, deep simulation,...
Financial modeling is a versatile tool that finds applications in various areas of finance. Here are some common uses of financial modeling: Budgeting:Financial models are used to plan and forecast budgets for businesses, helping them allocate resources efficiently and set realistic financial goals. ...
The analytics definition goes beyond basic data analysis – it is a powerful tool that helps businesses make smarter decisions, improve efficiency, and react to trends. By finding insights into large amounts of data, analytics supports better strategies in fields like finance and marketing. ...
Learn about new or changed features in Microsoft Dynamics 365 Finance and Operations, Enterprise edition 7.3. This version was released in December 2017.
How Is the Monte Carlo Simulation Used in Finance? A Monte Carlo simulation is used to estimate the probability of a certain outcome. As such, it is widely used by investors and financial analysts to evaluate the probable success of investments they're considering. Some common uses include: ...
What Is Behavioral Finance? Behavioral finance combines psychology and economics to explore how individuals make financial decisions. It examines the psychological factors that influence investors' behaviors, such asbiases, emotions, and cognitive errors. Traditional finance assumes that investors are rational...