What are the two categories of quantitative models?


What are the two categories of quantitative models?

Quantitative Modeling:

In mathematics, such like in calculus and differential equations, equations may be used to fit data, for the purposes of quantitative modeling e.g. in physics or in other scientific pursuits. Another course of study in which quantitative modeling is relevant is in statistics, with regard to predictive analysis, forcasting, etc.

Answer and Explanation:

The two major categories of statistical quantitative modeling are the static and dynamic modeling paradigms. Note however that these may be further...

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Learn more about this topic:

What is Quantitative Data? - Definition & Examples

from ELM: CSU Math Study Guide

Chapter 5 / Lesson 7

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