The BEST corner
Do you want to ace financial modeling and analytics using dynamic arrays and Lambdas? Then this is the page you should bookmark. Here you will find our BEST framework, the most comprehensive guide on modeling with dynamic arrays and related resource materials.
Download the latest version of The BEST Framework - Comprehensive guide on financial modeling with dynamic arrays
This guide provides a detailed framework for building a robust financial model with dynamic arrays and Lambda. It focuses on six areas: (1) Input Architecture (2) Formula architecture (3) Lambda best practices (4) Testing and debugging (5) Organization structure and governance, and (6) Auditing dynamic array model.
Addendum 1: Use of distinct naming conventions for different types of names
This document is an addendum that requires modelers to follow distinct naming conventions for different type of names including (i) Lambda (ii) Named formual (iii) Named ranges (iv) Temporary variables. It also requires that auditors to ensure that the naming convention is strictly followed before proceeding to check referential transparency of the model.
Basic application of BEST: Comparing with the legacy approach
In this file, we illustrate solving a problem, originally posted by the FAST Standard Organisation on their website, using the BEST framework. You can compare the solution done with the BEST framework with the legacy solution, which you can directly download from fast-standard.og
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