Description: Dynamic models are statistical and computational tools that allow modeling processes that change over time. Unlike static models, which assume that relationships between variables are constant, dynamic models incorporate temporal variability, making them especially useful for capturing the evolution of complex phenomena. These models are fundamental in fields such as economics, biology, and engineering, where systems are subject to continuous changes. Their structure may include components such as latent variables, representing unobserved information, and observations that are updated as new data is received. This allows for more accurate and adaptive inferences. Additionally, dynamic models can be generative, meaning they can simulate data generation from a set of parameters, facilitating the understanding of how systems behave over time. In summary, dynamic models are essential for the analysis of temporal data, enabling researchers and professionals to understand and predict behaviors in complex systems.
