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How Are Financial Planning Models Constructed

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How are financial planning models constructed?


Definitions:

Simple Events

An event in probability that consists of only one outcome or occurrence and cannot be broken down further.

Probabilities

The likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Sales

The exchange of a commodity for money; the action of selling something.

Archaeological Dig

An excavation site where archaeologists systematically uncover artifacts and remains to study past human activity.

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