Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
7th Edition
ISBN: 9781285418681
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 1, Problem 13QP
Summary Introduction

To determine: The ways in which the prescriptive models different from descriptive model.

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What are the advantages of analyzing and experimenting with a model as opposed to a real object or situation?
Can the distinction between descriptive and prescriptive models be made by examining their differences?
What are some of the differences between a descriptive model and a prescriptive model?
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