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Model design is just one of the many parts of the model construction process. The emphasis on model design can vary by user and has also changed over time.
Which statement best describes our view on model design?
Model design used to be more of a focus, but more recent approaches to financial modeling have deprioritized the design.
Model design should begin with the outputs, and continue backward to the inputs.
The model design process can be skipped to free up time for model building.
Model design should start with the inputs, and progress forward through to the outputs.