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Two key parameters in the model are changes over time in the risk aversion coefficient and in the amount of idiosyncratic private information risk.
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History matching is the process where properties in the reservoir model are changed until the production data from the model matches the field data.
We find that the model is chaotic over a wide range of conditions and that the chaoticity typically persists even if parameters of the model are changed.
Through constant customer feedback the fit is refined and if needed the fit model is changed.
It's revealing to compare the situation now with 1978, the last year before our economic model was changed.
"I walked into a situation where sadly the music director was gone, the business model was changed, it was all done deals.
The original design, which was made into a clay model, was changed hardly at all when it came time for a final verification model.
Initially, Mr. LeMay said, Aircell paid those costs, but last year the model was changed to require airlines to pay for installation.
The MLP model was changed to the Teacher Leadership Preparation (TLP) model.
This was similar when the meta-analytic model was changed.
Then to test the accuracy, the model was changed to the current available pit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com