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The Process of Determining If a Model Is an Accurate

question 5

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The process of determining if a model is an accurate representation of the real system is called


Definitions:

Alibaba Group

A Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology.

Innovation

The process of creating new ideas, products, or methods, often leading to significant progress or change.

Uncertainty

The lack of surety or predictability in events, conditions, or outcomes.

Market-Creating Innovations

Products or ideas that meet the needs of a group of potential consumers whose needs have not been met before.

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