Math Modeling

Math Modeling focuses on the application of mathematical concepts to solve real-world problems through modeling and analysis.

Practical Applications

Economics and Business Modeling

Money Matters

Math models are widely used in business and economics to make important decisions about prices, profits, and investments.

Common Examples

  • Predicting sales for a new product.
  • Optimizing production to maximize profit.

How Models Help

Models let companies plan for the future, test ideas, and avoid costly mistakes.

Examples

  • Using supply and demand curves to set the price of a video game.

  • Modeling the growth of a small business over five years.