Best practices: model validation
Good morning all. Hoping I can receive some assistance on doing some validation of my financial model. I understand all the common things you see when you google (trace precedents, trace dependents, etc) but I’m hoping I can be provided some actual best practices.
For example, I’ve been checking my results against the historical models to see if my model is consistent.
I’ve also been changing my assumptions to check whether my outputs seem reasonable.
Any other techniques you recommend?