Big Policy Canvas Research Roadmap

[...] * Taking into account the development of new models, there are basically two main approaches: data modelling and simulation modelling. Data modelling is a method in which a model represents correlation relationships between one set of data and the other set of data. On the other hand, simulation modelling is a more classical, but more powerful, method in which a model represents causal relationships between a set of controlled inputs and corresponding outputs.
Felix Wiefels
Models have evolved a lot the past years, however I am not familiar with any model that uses modelling techniques instead of regression and statistic analysis
Felix Wiefels, 18/07/2019 11:45