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Modeling and Simulation: Part 1

In: Excel Data Analysis

Author

Listed:
  • Hector Guerrero

    (College of William & Mary)

Abstract

The previous six chapters have provided us with a general idea of what a model is and how it can be used. Yet, if we are to develop good model building and analysis skills, we still need a more formal description, one that permits us a precise method of discussing models. Particularly, we need to understand a model’s structure, its capabilities, and its underlying assumptions. So let us carefully re-consider the question—what is a model? This might appear to be a simple question, but as is often the case, simple questions can often lead to complex answers. Additionally, we need to walk a fine line between an answer that is simple, and one that does not over-simplify our understanding. Albert Einstein was known to say—“Things should be made as simple as possible, but not any simpler.” We will heed his advice.

Suggested Citation

  • Hector Guerrero, 2010. "Modeling and Simulation: Part 1," Springer Books, in: Excel Data Analysis, chapter 0, pages 217-256, Springer.
  • Handle: RePEc:spr:sprchp:978-3-642-10835-8_7
    DOI: 10.1007/978-3-642-10835-8_7
    as

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