Modeling is the backbone for quantitative
analysis. Modeling can take two forms:
- for the purpose of econometric and/or
statistical analysis,
- for the purpose of simulation (entity or
aggregate) analysis.
Modeling for the purpose of econometric and/or
statistical analysis requires an understanding of
the issue or aspect to be analyzed and the
institution or environment in which it is
performed. Modeling for the purpose of simulation
allows analysis of changes to a system whose
parameters have a degree of variation that can be
represented in a model of how the system actually
operates. Many of these simulation models require
large numbers to determine a distribution of
values that represent the quantitative effects of
variable changes. If one desires to understand
the annual monetary effect of switching training
from a formal classroom environment to computer
based instruction or similar evaluations a
simulation can be developed and the transition
can be analyzed.
IMPLEMENTATION SOLUTIONS TO COMPLEX
CHALLENGES.
Modeling requires working knowledge of the
alternative approaches available for modeling
each issue and/or system and selecting that
approach which is most appropriate given the
information or data available. The International
Horizons Unlimited Project Development Services
Group supplies this expertise.
Having identified the accountability issues
and the needs of the client, designed the
strategies, analyzed the existing acquired data,
and utilized modeling approaches, timely
implementation becomes appropriate. The concepts
of monitoring, effectiveness tracking, and data
collection are next. User satisfaction and
performance are key to approaching outcomes so
decisions about modifications, updating, and
re-evaluation can be intelligently pursued. The
systems necessary to accomplish these ends are
available through International Horizons
Unlimited Project Development Group.
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