Difference between revisions of "Quantitative Model"
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== Definition == | == Definition == | ||
| − | '''Quantitative Model''' denotes very broadly any quantitative (mathematical) representation or | + | '''Quantitative Model''' denotes very broadly any quantitative (mathematical) representation or [[Simulation]] of circumstances, factors, values and their relationships. |
== Usage == | == Usage == | ||
Latest revision as of 20:51, 21 November 2022
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
