Fig. 1: Schematic representation of models.
From: The role of parsimonious models in addressing mobility challenges
Categories of models: understanding versus predicting. We distinguish between models primarily aimed at understanding a phenomenon (in green) and those focused on predicting future outcomes (in cyan). For predictive models, the main approaches include agent-based models and, more recently, AI techniques. In contrast, models designed to enhance our understanding typically rely on parsimonious models. Notably, some parsimonious models also possess predictive capabilities, as indicated by the blue intersection in the diagram.
