What is a model calculation?
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A model calculation is a mathematical formula used to solve a particular problem or answer a particular question. It can be used to predict a certain outcome, calculate a certain risk, make a certain decision, or demonstrate a certain behavior. Modeling can be applied in many different fields, including finance, economics, engineering, science, and computer science.