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  • one year ago

what is the purpose of a mathematical model?

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  1. jim_thompson5910
    • one year ago
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    It's used to determine patterns and make predictions. Eg: if you have a set of home prices and you notice a pattern that they are steadily increasing, you can use a model to predict what the price may increase to (for a given year in the future). Be careful though: mathematical models aren't perfect and they become less accurate the further into the future you go.

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