Probabilistic system dynamic model

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WayneZhou2009
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Probabilistic system dynamic model

Post by WayneZhou2009 » Tue Oct 08, 2019 7:51 pm

Hi Tom,

Hope you have been doing great. I have a question about using the term "probabilistic" in the context of system dynamics. For a given system dynamics model, suppose its structure is considered deterministic, and its parameters are considered random. After using empirical data to estimate its parameters in a Bayesian framework, would it be appropriate to call the model a "probabilistic system dynamic model"?

Many thanks.
Wayne

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Re: Probabilistic system dynamic model

Post by Administrator » Thu Oct 10, 2019 6:58 am

If you are happy calling the model a "probabilistic system dynamic model" then go ahead. As long as you can explain in detail what you mean by the term, I cannot see how anyone would object to what you call it.
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