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Glossary / Lexicon

What is an Analytical Model?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An analytical model is a mathematical or statistical approach used to analyze, understand, and predict complex phenomena. It is a mathematical model used to study a particular problem by examining different variables and properties of the problem. Analytical models are commonly used in science and engineering to study and understand various phenomena, and can also help make predictions about future trends.
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