A first step in determining how well a model fits reality is to: a. check whethe

Question

A first step in determining how well a model fits reality is to:

a.

check whether the inputs are correct

b.

see if the sensitivity analysis is correct

c.

check whether the model is valid for the current situation

d.

try some what-if scenarios to see if the model is able to obtain solutions

a.

check whether the inputs are correct

b.

see if the sensitivity analysis is correct

c.

check whether the model is valid for the current situation

d.

try some what-if scenarios to see if the model is able to obtain solutions

Explanation / Answer

A)

In order to ensure that the model fits in reality well the manager should make sure that the inputs are correct

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