Probabilistic system dynamic model
Posted: 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
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