Business > TEST BANK > MGMT 918- Wharton Business Analytics Coursera Quiz-with 100% verified answers-2022 (All)
Module 1: Introduction to Models Quiz Quiz, 10 questions Question 1 1. Question 1 1 point Which of the following features is typically NOT associated with a quantitative model for a b... usiness process? Mathematical equations A formal description of a business process A 100% accurate representation of the business process Assumptions Question 2 2. Question 2 1 point For which activity(ies) might you use a quantitative model? • (i) Forecasting • (ii) Targeting • (iii) Optimization (i) (i) , (ii), and (iii) (ii) and (iii) (i) and (ii) Question 3 3. Question 3 1 point Which of the following activities is typically NOT a part of the modeling process? Model formulation Sensitivity analysis Validation Creating a model, so that the output always agrees with our prior expectations Question 4 4. Question 4 1 CONTINUED........ [Show More]
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