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Describe the introduction of sound in movies in Hollywood.
Qualitative Model
A model that employs descriptive or categorical data to understand patterns and relationships without relying on numerical data, often used in social sciences and market research.
Quantitative Model
A mathematical model that uses numerical data and statistical methods to represent and solve problems or analyze scenarios.
Scenario Planning
A strategic planning method used to make flexible long-term plans based on anticipating various future scenarios and their implications.
Time Series Model Analysis
Statistical techniques used to analyze time-ordered data points to forecast future trends.
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