Spreadsheets are a useful tool in financial modeling because they

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Spreadsheets enable users to create various scenarios by adjusting the inputs, which is particularly useful in financial modeling for forecasting and decision-making processes. They do not eliminate all errors, as human input can still lead to mistakes, nor do they reduce the need to gather information, as accurate and comprehensive data collection is crucial for effective modeling.

Spreadsheets Are a Useful Tool in Financial Modeling Because They