# Quantitative Model

From Open Risk Manual

## Definition

**Quantitative Model** denotes very broadly any quantitative (mathematical) representation or Simulation of circumstances, factors, values and their relationships.

## Usage

- Quantitative models used in the context of Risk Management are usually denoted Quantitative Risk Model and the sub-discipline denoted Quantitative Risk Management
- Each sector may also employ quantitative models that are not directly developed for the purposes of risk management, e.g. Financial Models