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What Are Options Models and When Should They Be Used

question 26

Essay

What are options models and when should they be used to evaluate projects? Provide an example.


Definitions:

Cell References

Notations that identify the location of a cell or group of cells in a spreadsheet by their row and column details.

Formula

An expression or equation that calculates values in a spreadsheet or mathematical setting.

Circular Reference

A situation in which a formula or calculation in a system refers back to itself directly or indirectly, potentially causing errors or infinite loops.

Reference

An indication to a source of information or data, often used in research, writing, or programming to point to external details or evidence.

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