Extracts from the financial modellers’ manifesto

In the last issue we covered a new report by Yaron Hollander, a former Transport for London modelling manager, looking at ten misuses of transport models. This is one of a selection of responses from within the modelling community

“Physics, because of its astonishing success at predicting the future behaviour of material objects from their present state, has inspired most financial modelling. Physicists study the world by repeating experiments over and over again to discover forces and their almost magical mathematical laws. If a law is proposed and its predictions contradict experiments, it's back to the drawing board. The method works. The laws of atomic physics are accurate to more than ten decimal places.

It's...

Subscribe today to read this article in full...

Benefits of subscribing to Local Transport Today Membership + TransportXtra & TransportXtra.com

• 25 editions a year
• Essential reading for public and private sector transport professionals in the UK and beyond
• Stay ahead of the competition – hear it first
• Written by leading experts in the transport industry
• Additional publications throughout the year covering specific subjects Smarter Travel, Get Britain Cycling and Data and Modelling
• Includes full online access to TransportXtra.com and searchable archive

Magazine + Online

Pay Monthly

£25.00

Fixed Term

Organisation package: 2 mags + 5 members £630.00 Organisation package: 3 mags + 20 members £920.00 Organisation package: 5 mags + 50 members £1,300.00 1 Year Individual Membership £200.00 3 Year Individual Membership (Save 20%) £480.00

 

Online Only

Pay Monthly

£16.25

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £130.00 30 Day Subscription £30.00 90 Day Subscription £60.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.