A mathematical model is a logical representation of an issue, object or relationship. This is not the same as an algorithm. Algorithms are specific rules for solving problems. A mathematical model, on the other hand, describes the process of finding solutions to problems by identifying patterns in data that can then be used to solve similar problems in future situations.
1. Specify the Problem
2. Set up a metaphor
3. Formulate Mathematical Model
4. Solve Mathematical Model
5. Interpret Solution
6. Compare with Reality
7. Use Model to Explain, Predict, Decide, Design