Descriptive Analytics is aimed at forecasting future outcomes based on patterns in the past data.
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Q7: A parameter is a measurable quantity that
Q8: Sensitivity analysis helps us estimate the effect
Q9: A mathematical model shows the relationship between
Q10: Decision variables may also be called parameters.
Q11: A series of steps or procedures that
Q13: A model is a representation of a
Q14: Business Analytics is a data-driven approach to
Q15: Managers do not need to be familiar
Q16: All problems can be solved by considering
Q17: Models can help us analyze a problem
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