Model Verification and Validation

Model verification and validation are processes to ensure a model works correctly and accurately represents real-world systems. Verification checks if the model has been built correctly according to its design and specifications, ensuring there are no errors in its construction. Validation confirms that the model accurately reflects real-world behavior and produces reliable results when compared to actual data or situations. Together, these steps help build confidence that the model is both technically sound (verification) and useful for decision-making (validation).