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What Are the Three Models Under the Statistical Approach

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What are the three models under the statistical approach?


Definitions:

Goal Seek

A function in spreadsheet software that finds the input value needed to achieve a specific target output in a formula.

Scenario Manager

A tool in spreadsheet software that allows users to create and analyze different scenarios by varying input values.

Solver

A software tool designed to find the optimal solutions to mathematical problems or equations based on given constraints.

Watch Window

A debugging tool in software development that allows programmers to monitor the values of variables or expressions during the execution of a program.

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