Definition:Mathematical Model/Parameter
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Definition
Let $P$ be a stochastic process which is being modelled by means of a model $M$.
A parameter of $M$ is a number which implements some aspect of $P$ which is designed so as to be able to be modified during the evolution of $P$ as a result of analysis of the behaviour of $P$ over time.
Sources
- 1994: George E.P. Box, Gwilym M. Jenkins and Gregory C. Reinsel: Time Series Analysis: Forecasting and Control (3rd ed.) ... (previous) ... (next):
- $1$: Introduction:
- $1.3$ Basic Ideas in Model Building:
- $1.3.1$ Parsimony
- $1.3$ Basic Ideas in Model Building:
- $1$: Introduction: