Model Update Workflow Step 1: Identify What Changed Determine the update trigger: - Earnings release : New quarterly actuals to plug in - Guidance change : Company updated forward outlook - Estimate revision : Analyst changing assumptions based on new data - Macro update : Interest rates, FX, commodity prices changed - Event-driven : M&A, restructuring, new product, management change Step 2: Plug New Data After Earnings Update the model with reported actuals: | Line Item | Prior Estimate | Actual | Delta | Notes | |-----------|---------------|--------|-------|-------| | Revenue | | | | | | Gr…