All of the Following Are Disadvantages of Simulation Except

question 6

Multiple Choice

All of the following are disadvantages of simulation except

• A)Limited application
• B)Difficulty of collecting the appropriate input data
• C)Selecting the correct probability distribution
• D)The accuracy of outputs

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Definitions:

Action

The process of doing something with the intent to achieve an aim or handle a problem, often requiring decision-making and execution.

Predictive

Pertaining to the use of statistical analysis and modeling to make forecasts or predictions about future events.

Simulation

A method for implementing a model over time to analyze and record the consequences of sequential interactions.

Predictive Analytics

The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.