Financial and object modelling: Theory

Specification Points
Specification Reference Specification Point
3.1.4 a Describe the characteristics of modelling software and give reasons why a model might be used
3.1.4 c Describe how a data model may be used for answering 'what if?' questions and explain the advantages of being able to answer such questions using a spreadsheet
3.1.4 f Explain the advantages and disadvantages of using a spreadsheet to create and run simulations

Resources

Mini Website 1 - financial modelling

This mini website covers the specification points above.

Students should read through the information and make their own notes.

There are some suggestions for tasks in the 'Lesson Ideas' section which could be used to accompany the website.

storage theory miniweb
Mini Website 2 - object modelling

This mini website covers the specification points above.

Students should read through the information and make their own notes.

There are some suggestions for tasks in the 'Lesson Ideas' section which could be used to accompany the website.

storage theory miniweb