Introduction to Business Modelling
Learning Objectives
by the end of the day, learners will be able to:
identify data, labels and formulas in a business model;
explain how business rules govern a model;
use a model to predict an outcome from input variables;
adapt a model by changing variables and formulas (What if?);
reverse a model to return the input variables required to achieve a specific outcome (Goal-seek);
create a model to support business decision-making;
ensure the model is fit for purpose;
check the model’s predictions for plausibility.