The Value of a Model Is Determined by

question 269

Multiple Choice

The value of a model is determined by

• A) the usefulness of its predictions in the real world.
• B) the extent of the profit earned by applying it.
• C) the realism of its assumptions.
• D) the model's attention to real world details.

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Definitions:

Hypothesis

A supposition or proposed explanation made based on limited evidence as a starting point for further investigation.

Tentative Statement

A provisional, uncertain statement that is not yet firmly established.

Variables

Elements or factors that can change and have different values in research or mathematical equations.

Application and Control

Involves the use of knowledge and techniques to achieve desired outcomes and manage systems effectively.