We can assist in providing answers in the following areas:
Modelling is the process of abstracting real-world phenomena then representing it as a set of relationships (generally mathematical equations). By its very nature modelling is an abstraction and something is “left out”. Successful models will remove aspects of reality that are not relevant to the problem at hand. The difficulty is that aspects of realty that ex-ante are deemed not relevant may be identified as important, or perhaps critical.
Modelling is typically best conducted as part of an exploration process where models are produced, then examined and found where they do not adequately inform the study's goal. The models are then further developed.
Modelling is the process of abstracting real-world phenomena and then representing them as a set of relationships (generally equations). By its very nature modelling is an abstraction and something is left out. Successful models will remove aspects of reality that are not relevant to the problem at hand. The difficulty is that aspects of realty that ex-ante are deemed not relevant may be identified as important, or perhaps critical.
Modelling is typically best conducted as part of an exploration process where models are produced, then examined and found that they do not adequately inform the study's goal. The models are then further developed.
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