ECONOMICS IN MATHEMATICAL MODELING
Abstract
This article provides a brief overview of what the mathematical modeling and the
mathematical models are and how the mathematical models are classified depending on
various features they can be characterized with. The article is in no way a comprehensive
guide of the topic since there are a big number of ways mathematical models can be
classified in, but rather an introductory explanation of the extremely broad area of
mathematical modelling. The material of the article is heavily influenced by the book [1].
References
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