What is Financial Modeling in Python?
Financial modeling using Python is a method of building a model using the Python programming language. The language allows coders to modify and analyze Excel spreadsheets and automate certain tasks. As an example, the task of copying data from one spreadsheet to another can be automated with code, and searching for errors can be dramatically sped up.
Python is one of the popular programming languages used in finance. Guido van Rossum created Python, which was released for the first time in 1991. It is one of the programming languages used in financial modeling nowadays.
Companies used to stay within their industry, but they eventually turn their attention to tech firms and take advantage of innovations and tools that make handling financial transactions way easier, especially in managing large volumes of data.
Check out CFI’s introductory Python for Finance Course to learn more!