Which is a characteristic of tagged data within a financial planning tool?

Tagged data in a financial planning tool is characterized by its ability to allow for specific calculations through defined parameters. This means that tagged data can be manipulated in various ways based on the tags applied, creating opportunities for sophisticated analysis. For instance, when data is tagged, it can be grouped, filtered, or used in calculations that are relevant to specific planning or reporting needs, enhancing the analytical power of the data.

The use of tags supports the establishment of relationships between different data elements, enabling financial teams to automate calculations and ensure consistency in how data is interpreted and used across the organization. By applying definitions to tagged data, users can streamline processes and enhance reporting accuracy, making it a valuable feature within financial planning tools.