Something that is made to be like another thing.

This is a model of a house.

A "Mathematical Model" tries to copy how a real world thing works using equations. It is not exactly the same, but can be useful: we can use the equations to try new things, such as predict what happens when sizes, temperatures, prices, etc change.

This is a model of a house.

A "Mathematical Model" tries to copy how a real world thing works using equations. It is not exactly the same, but can be useful: we can use the equations to try new things, such as predict what happens when sizes, temperatures, prices, etc change.