Model

From WLCS

'''Model:''' Technical Def: A smaller representation of a system designed to allow for the investigation of the properties and functionality of the system. Models are often used in quantitative analysis and technical analysis, and sometimes also used in fundamental analysis.


Layman's Def: A smaller copy of something used to test to future outcome and if it will work like it supposed to.


Example Use: Car manufacturers make models of their cars to check arrow dynamics and balance.


Purpose: the purpose is to test out different things with out having to make the full sized product.

Link:

Media:http://www.e-learningguru.com/articles/art2_1.htm