Quantitative Model

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