Defining Inputs to a Model with Input Elements

Lesson 2, page 4 of 12

Input elements allow you to specify the input parameters for your model. GoldSim has a number of different types of Input Elements, with the most commonly used being Data, Time Series and Stochastic elements.

Data elements allow you to specify a single scalar value (e.g., the discount rate) or an array of related values (e.g., the salaries of each individual in a group).

Time Series elements allow you to specify a time series of values (e.g., monthly rainfall rates, quarterly cash flows).

Stochastic elements The basic building blocks with which a GoldSim model is constructed. Each element represents a feature, pararamer, process or event in the model. allow you to specify that a particular input is uncertain by defining it as a probability distribution A mathematical representation of the relative likelihood of a variable having certain specific values..