Data Model


Data Model : (ICT) This is a type of forecasting tool. A data model tries to simulate how something will change when you make certain adjustments to the data. For example, imagine you are setting up a company and you want to understand the effects that Price, Cost and 'Items Sold' have on the overall profits of the company. You may set up a data model that links these things together. You then adjust 'Items Sold' to see the effect it has, and so on
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