---
title: "Creating a Model"
description: "A model in Lucanet xP&A refers to a structured representation of data and calculations, similar to a tab in a spreadsheet.\n\nYou can define a model as your \"base\" model representing the default scenario. To compare different scenarios, you can create variants of your \"base\" model in which some variables (or cells of a variable) have different values or formulas."
source_url: https://support.lucanet.cloud/en/documentation/xp-a---extended-planning-and-analysis/creating-model
language: en
last_updated: 2023-08-16
---
# Creating a Model

## Overview

A **model** in Lucanet xP&A refers to a structured representation of data and calculations, similar to a tab in a spreadsheet.

You can define a model as your "base" model representing the **default scenario**. To compare different scenarios, you can create variants of your "base" model in which some variables (or cells of a variable) have different values or formulas.

The structure of the model — the variables, groups, and sections — doesn't change across scenarios.

A new model can be created:

- **Manually**
- Using **AI or a wizard**

## Creating a New Model

To create a new model, click **New model** directly on the **start page** or in the **overview on the start page.** The **Create Model** dialog is displayed as follows:

The 'Create Model' dialog

Choose one of the following options:

#### Basic

In this area, a **New model** can be created to start from scratch.

#### Wizard/AI

In this area, specific types of models can be created using AI or a wizard **guiding through the setup** process and **using your data** during the setup. The following model types are available:

- P&L and Runway
- Full P&L and balance sheet report
- Stripe MRR Report
- Headcount Plan
- Sales and Pipeline Report

{% info-box %}
- If you hover over the model type name, a description of the model type is displayed on the right side of the dialog.
- Once the model is created, you can start editing it and filling it with your data as described in [Modeling your Data](https://support.lucanet.cloud/en/documentation/xp-a---extended-planning-and-analysis/modeling-your-data.md).
{% /info-box %}