In Which of the Following Categories of Modeling Techniques Do

question 77

Multiple Choice

In which of the following categories of modeling techniques do the independent variables have unknown or uncertain values or coefficients?

• A) Descriptive models
• B) Predictive models
• C) Prescriptive models
• D) Probabilistic models

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Definitions:

Pre-acquisition Entry

A journal entry made to record the financial impacts of acquiring company interest or assets before full acquisition or control is obtained.

Declared Dividend

A payment authorized by a company’s board of directors to be distributed among shareholders out of the company’s earnings.

Business Combination Entries

The journal entries recorded to account for the consolidation of entitles under common control, reflecting their assets, liabilities, and any non-controlling interest.

Fair Value

Fair value is an estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.