EP.43 Models and their role in the energy transition: an Aurora perspective
Energy Unplugged by Aurora
00:00
The Differences Between Modeling Complex Physical Systems and Economic Modeling
How do you compare modeling this kind of complex physical systems to modeling of of markets or of economic systems in a way? I think probably where markets differ a bit, I suppose is where the kind of the human behavior aspect comes in. So yes, in terms of what we use, we use both the statistical and the fundamental approaches in our modeling.
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