The most common financial modeling formulas are: =SUM(), =AVERAGE(), =IF(), =INDEX(), =MATCH(), =CHOOSE(), =OFFSET(), =SUMPRODUCT(), =CELL(), XNPV(), and XIRR(). In addition to the formulas, there are various functions that are also important such as Data Validation, What-If Analysis, Scenario Manager, Grouping, Freezing Panes, Trading Dependents / Precedents, and general formatting best practices.
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In order to become a great financial analyst, below are some additional questions and answers for you to explore further:
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