Ventana software support forum

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

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.