mathematical model
Definition
Method of simulating real-life situations with mathematical equations to forecast their future behavior. Mathematical modeling uses tools such as decision-theory, queuing theory, and linear programming, and requires large amounts of number crunching. Also called computational model.
mathematical model is in the Statistics, Mathematics, & Analysis subject.
mathematical model appears in the definitions of the following terms:
Box-Jenkins models,
Chicago school of economics,
capital market theories,
neural network,
quantitative school of management,
decision analysis,
Monte Carlo method,
simulation,
Austrian School of Economics,
computational model
and
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