DATANA MODELING (LESSON 2)

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9 Terms

1
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COMPUTER MODEL

A set of mathematical relationships and logical assumptions implemented in a computer as a representation of some real-world decision problem or phenomenon.

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SPREADSHEET MODEL

A computer model implemented via a spreadsheet.

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VALID MODEL

One that accurately represents the relevant characteristics of the object or decision problem being studied.

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MATHEMATICAL MODEL

Uses mathematical relationships to describe or represent an object or decision problem.

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PRESCRIPTIVE MODEL

Models where their solutions tell the decision-maker what actions to take.

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PREDICTIVE MODEL

Models used to predict or estimate what value the dependent variable will take on when the independent variables take on specific values.

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DESCRIPTIVE MODEL

Models where the objective is to describe the outcome or behavior of a given operation or system.

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DEPENDENT VARIABLE

A variable whose value depends on the values of other variables.

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INDEPENDENT VARIABLE

Variables that influence or determine the value of the dependent variable.