Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
8th Edition
ISBN: 9781337274852
Author: Ragsdale, Cliff
Publisher: South-Western College Pub
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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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