A type of Dynamic model which treats time as a discrete variable (i.e., a variable with finite number of values) in contrast to the continuous-time model; in a discrete-time model, other variables or outcomes can only change at specific time points.
A type of Dynamic model which treats time as a discrete variable (i.e., a variable with finite number of values) in contrast to the continuous-time model; in a discrete-time model, other variables or outcomes can only change at specific time points.