Answer :
This type of analysis is often referred to as quantitative modeling or quantitative analysis. Quantitative models are mathematical equations and algorithms used to analyze data and predict outcomes
Such models can be used to examine the effects of different environmental, economic, and social factors on different kinds of human interactions. These models can also be used to assess the potential impact of policy decisions on outcomes. Quantitative modeling is the use of mathematical and statistical techniques to analyze complex data and make predictions. It is used in many fields, including finance, economics, engineering, biology, and physics, to identify relationships and trends in data. In finance, quantitative modeling is used to develop models to forecast stock prices and other financial metrics, and to evaluate the risk associated with different investments. In engineering, it is used to develop models to predict the behavior of structures and systems under various conditions. In biology, quantitative modeling is used to better understand the behavior of living organisms. In all fields, quantitative models are used to identify patterns and relationships in data and make predictions about future behavior.
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