You Can Create A Financial Model With AI - Here’s A Mini Guide.
It's not as easy as it sounds. But it is possible. Here's an investment-prep consultant's guide.
If it crossed your mind, and you thought it to be wrong or inaccurate, you’re correct to feel that way. Most AI models like GPT don’t create good financial models.
Heck, they make a lot of numerical mistakes, which is sort of the exact opposite of what you want in a financial model.
But as an investment-prep consultant, my company sometimes needs to work out financial models. So I thought I’d give it a shot. The result?
I created a 3 statement model for a company with a moderately-sophisticated business model and expense structure with multiple subsidiaries. Yes, you read that right. So your pizza restaurant business could be modeled with AI.
It took me around 14 days of work to wrap up a model. There were inefficiencies. But knowing that some people out there don’t have the financial knowledge or the budget to hire a financial expert, I thought this could be beneficial.
Let’s discuss the mini-guide of using AI platforms to create financial models for your companies.
