Question: What is the difference between model verification and model validation? They are interchangable terms. Model verification is concerned as to how well the model represents

What is the difference between model verification and model validation?
They are interchangable terms.
Model verification is concerned as to how well the model represents the real situation. Model validation is the process of ensuring the model is accurate and free of errors. For a given set of inputs, the outputs are what the developers intended.
One leads the other: if a model is well verified it will automatically be validated.
Model verification is the process of ensuring the model is accurate and free of errors. For a given set of inputs, the outputs are what the developers intended. Model validation is concerned as to how well the model represents the real situation.

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