Black Box Concept financial definition of Black Box Concept
Black Box Model (redirected from Black Box Concept)
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Black Box Model
Any system into which one inputs information and receives output based on an algorithm the system uses. It is called a black box because one need not understand how a model works in order to use it.
References in periodicals archive
Based on the black box concept
in the airline industry, Road Recorder uses high technology data compression and encryption to digitally record and store evidence of on-board incidents.