Business Studies, asked by kartikays8605, 10 months ago

Difference between structural model and dynamic model

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Answered by kinghappy
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Answer:

Static vs. dynamic: A dynamic model accounts for time-dependent changes in the state of the system, while a static (or steady-state) model calculates the system in equilibrium, and thus is time-invariant. Dynamic models typically are represented by differential equations or difference equations.

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