According to Investopedia, financial modeling is a process of creating a mathematical model that represents some or all aspects of a financial situation. Financial models are used to estimate the value of a business, project, or investment, or to compare them to their competitors. Financial models can vary in complexity and accuracy depending on the inputs and assumptions that go into them.
Financial modelling is the process of using mathematical formulas and assumptions to construct a representation of financial situations or asset. This representation can be used to analyze and make decision about financial planning, investment, and other financial activities. Financial modeling is a widely used tool in the finance and investment industries, as it allows professional to make informed decision based on data.