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What is the difference between a physics-based model and a statistical model?

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What is the difference between a physics-based model and a statistical model?

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Models in statistics or in many colloquial uses of the term often imply a simple relationship that is fitted to some observations. A linear regression line through a change of temperature with time, or a sinusoidal fit to the seasonal cycle for instance. More complicated fits are also possible (neural nets for instance). These statistical models are very efficient at encapsulating existing information concisely and as long as things don’t change much, they can provide reasonable predictions of future behaviour. However, they aren’t much good for predictions if you know the underlying system is changing in ways that might possibly affect how your original variables will interact. Physics-based models on the other hand, try to capture the real physical cause of any relationship, which hopefully are understood at a deeper level. Since those fundamentals are not likely to change in the future, the anticipation of a successful prediction is higher. A classic example is Newton’s Law of motio

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