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What does Empirical mean?

Empirical is a way of knowing, that is derived from observations of the natural world. Empirical evidence is proof that has been obtained through experimentation or real-world observation. Empirical observations are widely used by Analyst on research reports, to give evidence of their theories.

Additional Resources

CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore:


The Financial Modeling Certification